The next target for bitcoin is $10,000. Mark Mobius, a well-known investor in emerging markets, shared this forecast. Bloomberg.
The expert noted that he would not invest his own funds or clients’ money in cryptocurrencies, because “it is too dangerous.” At the same time, he does not believe that the emerging asset class will disappear.
“Cryptocurrencies will remain as there are investors who still believe in them. It’s amazing how prices have held up against the backdrop FTX collapse“, he said.
Mobius’ benchmark is consistent with the strike price of December options, where the maximum open interest on put options is recorded, according to Deribit data.
Earlier, Glassnode analysts recorded the fourth largest capitulation of bitcoin investors in history against the backdrop of events around FTX.
Recall that Morgan Stanley noted a decrease in the interest of retail investors in cryptocurrencies.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
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The next target for bitcoin is $10,000. Mark Mobius, a well-known investor in emerging markets, shared this forecast. Bloomberg.
The expert noted that he would not invest his own funds or clients’ money in cryptocurrencies, because “it is too dangerous.” At the same time, he does not believe that the emerging asset class will disappear.
“Cryptocurrencies will remain as there are investors who still believe in them. It’s amazing how prices have held up against the backdrop FTX collapse“, he said.
Mobius’ benchmark is consistent with the strike price of December options, where the maximum open interest on put options is recorded, according to Deribit data.
Earlier, Glassnode analysts recorded the fourth largest capitulation of bitcoin investors in history against the backdrop of events around FTX.
Recall that Morgan Stanley noted a decrease in the interest of retail investors in cryptocurrencies.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
