Mark Mobius has a message Bitcoin enthusiasts might not want to hear. After correctly predicting in May the cryptocurrency’s drop to $20,000, the billionaire co-founder of Mobius Capital Partners now says Bitcoin will fall to $10,000 sometime next year, which would be more than 40% below its current level of about $17,000 and 85% below its peak near $69,000 in November 2021.
With the Federal reserve hiking interest rates and tightening its monetary policy, he told CBNC on Thursday, holding or buying cryptocurrencies becomes less attractive.
