Experienced investor mark mobius, Bitcoin (BTC) and other crypto assets are not investment vehicles. So why did Mobius make this comment and what does he think is the right tool for investment?
“Frontiers markets (potential markets / borderline market economies on the way to becoming an emerging market economy [ekşisözlük’ten alıntıdır]) company Mobius Capital PartnersIn a new interview with CNBC, co-founder Mark Mobius pointed to “stocks” as the solution to dealing with currency inflation.
“Equities are definitely the right answer because the devaluation of currencies will not go away, which means inflation will continue to be high. Remember, the US money supply has increased by over 30%.
The state of Bitcoin and the state of cryptocurrencies is a religion. They believe it! People think that they are enriched by these, and as long as the music continues to play, there is no problem.
As Charles Prince, the former chairman of Citibank, said, ‘Everyone should get up and dance, but once this music stops, we’re going to be in real trouble.’
That’s why people shouldn’t see crypto assets as investment vehicles. While these assets are a tool to speculate and have fun, at the end of the day you have to go back to stocks.”
In an interview with Bloomberg in September, Mobius stated that if Bitcoin (BTC) is accepted as a tax payment method, only then can he change his mind about BTC.
“If governments around the world (especially the US government) allow taxes to be paid in BTC or some cryptoassets, then I’ll change my mind. Because then (these assets) will become an internationally accepted currency. But that’s not the case now, I don’t expect that to change anytime soon.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.