Mobius Capital Partners LLP Mark Mobius: Bitcoin Rally Is Like A Casino Activity

Emerging markets fund manager and founder of Mobius Capital Partners LLP Mark Mobius criticized the first cryptocurrency, calling it an analogue of gambling.

So, in his opinion, the Bitcoin rally is nothing more than a casino activity, which is based on speculation and speculation that does not allow predicting the price movement of an asset, and, therefore, is a deliberately “losing game”.

Earlier, the head of Mobius Capital Partners LLP said that cryptocurrencies can become a powerful catalyst for investor interest in gold, since such a class of new assets is mainly based on faith – market participants, in his opinion, will prefer precious metals, since it can play the role of more than just an asset, but also currencies.