Mobius noted that a lot of people in the crypto community consider 'buying the dip,' which means that bitcoin's price might further decline in the future.
Mobius noted that a lot of people in the crypto community consider “buying the dip,” which means that bitcoin’s price might further decline in the future.
“Bitcoin goes down, the next day the Dow Jones goes down. That’s the pattern you get. That shows that bitcoin is a leading indicator.” Unlike many other investors who prefer to distribute their capital into real estate, precious metals, or cryptocurrencies due to the current inflationary environment, Mobius said he would instead hold “some cash.” At a later stage, he might invest in Indian stocks in the building-materials sector and software and medical-testing sectors.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Citi to launch Bitcoin custody services for institutional investorsToday (June 22), Citi made the announcement that it has chosen METACO as the partner to develop and trial digital... Continue reading
Read more »
Bitcoin Might Hit $70,000 in Few Months or Years, Says Binance CEO⬆ +13 Bitcoin Might Hit $70,000 in Few Months or Years, Says Binance CEO $BTC bitcoin cryptocurrency
Read more »
Bitcoin mining stock report: Wednesday, June 22Here's how crypto mining companies performed on Wednesday, June 22.
Read more »
Bitcoin mining stock report: Tuesday, June 21Here's how crypto mining companies performed on Tuesday, June 21.
Read more »