Payment system news

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.

Рустам Алиев

Recent Posts

TON Mini-Apps Pass 100M Monthly Active Users On Telegram

TON Foundation says Telegram Web3 mini-apps have passed 100 million monthly active users, marking another…

4 hours ago

Analyst Says XRP Is Repeating 2024 Pattern Before Potential 650% Surge

XRP has struggled to regain its footing after retreating from its recent rally, which briefly…

5 hours ago

MEXC launches Opportunity Compass as 53.7% of crypto users move into stocks, but knowledge gaps remain

Five-season program brings together industry partners to help crypto-native users better understand global markets, asset…

10 hours ago

Half A Billion SHIB Sent To Dead Wallets in August by Robinhood and Coinbase — Can It Boost SHIB Price?

Shiba Inu (SHIB) saw more than half a billion tokens permanently removed from circulation in…

3 days ago

CoinRabbit Named ‘Best Crypto Lending Platform 2026’ by International Business Magazine

CoinRabbit has been named Best Crypto Lending Platform 2026 by International Business Magazine — recognition…

4 days ago

Bitcoin In Six Figures Is Closer Than You Think—Expert Shares Ultra-Bullish Insight

Notable cryptocurrency proponents and market investors have outlined bullish possibilities for the apex cryptocurrency, Bitcoin,…

5 days ago