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Veteran Investor Mark Mobius Expects Bitcoin to Fall Further — Cautions Crypto Traders Against Buying the Dip

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Veteran Investor Mark Mobius Expects Bitcoin to Fall Further — Cautions Crypto Traders Against Buying the Dip

Veteran investor Mark Mobius, the founder of Mobius Capital, has cautioned cryptocurrency traders against using the “buy the dip strategy.” He expects the price of bitcoin to plunge further with some temporary relief happening at $20K.

Mark Mobius’ Warning and His Bitcoin Price Prediction


The founder of Mobius Capital Partners, Mark Mobius, warned crypto traders about buying the dip in an interview with Financial News Friday. He also shared his price prediction and future outlook for bitcoin.

Prior to starting his own company, Mobius was executive chairman of Templeton Emerging Markets Group. He joined Templeton in 1987 where he managed more than $50 billion in emerging markets portfolios.

While acknowledging that some crypto traders have previously been successful using the “buy the dip strategy,” he stressed that it is not a strategy that would pay off while the market still has some way to fall. Commenting on buying the bitcoin dip specifically, the 85-year-old founder of Mobius Capital told the publication:

It will not work this time until bitcoin hits $20,000, from where there might be a bounce but then the next target will be $10,000.


Some people have expressed similar warnings on social media, especially after the collapse of terrausd (UST) and terra (LUNA). UST lost its peg against the U.S. dollar and is currently trading at $0.11 while LUNA is near worthless.

“Terra Luna provides a perfect example of why you shouldn’t always ‘buy the dip,’” Gold bug Peter Schiff tweeted Thursday. “Yesterday Luna was down 98%. If you bought that dip thinking the crash created a great buying opportunity you lost 99.3% today. This can happen to any crypto.”

However, many bitcoin investors are not buying the dip to time the market for a quick profit; they plan to hold their BTC long-term. Those who believe that the price of the cryptocurrency will reach $100,000 this year, for example, are happy to get in at any price below that target.

Mobius has long been a bitcoin skeptic. In October, he told the news outlet that cryptocurrency “could really blow up,” emphasizing that it was a risk that central banks “should be paying attention to.”

He advised people in November not to look at cryptocurrency as a means to invest. “It’s a means to speculate and have fun. But then you’ve got to go back to stocks at the end of the day,” he said.

What do you think about Mark Mobius’ warning? Let us know in the comments section below.

JPMorgan Sees Limited Upside for Crypto Markets

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JPMorgan Warns of Limited Upside to Crypto Markets

JPMorgan Chase & Co. has warned that any upside for crypto markets from here would likely be more limited. Basing their prediction on the relationship between stablecoins and the rest of the crypto market, the bank’s analyst explained that stablecoins’ share of the total crypto market cap “no longer looks excessive.”

JPMorgan’s Crypto Outlook

Global investment bank JPMorgan reportedly warned about cryptocurrency markets having limited upside in a note published last week.

JPMorgan sees stablecoins’ share of the total cryptocurrency market value as an indicator of potential for rallies or declines. Previously, when stablecoins accounted for almost 10% of the total crypto market cap, JPMorgan analyst Panigirtzoglou said it “pointed to further upside for crypto markets.”

In the note issued last week, he explained: “The share of stablecoins in total crypto market cap no longer looks excessive … This share currently stands below 7% which brings it back to its trend since 2020.” The JPMorgan analyst continued:

As a result we believe that any further upside for crypto markets from here would likely be more limited.

Panigirtzoglou pointed out that the price of bitcoin (BTC) and ether (ETH) rallied in early March following financial sanctions imposed on Russia by Western countries after its invasion of Ukraine.

The note describes: “These sanctions had raised expectations that cryptocurrencies will be used more extensively in the future to circumvent the traditional banking system given cryptocurrencies are not attached or depend on any government.”

However, citing the stablecoin share indicator, the JPMorgan analyst warned that the rallies seen in crypto markets may be coming to an end.

In February, JPMorgan predicted that the long-term price of bitcoin would reach $150,000. In January, the bank conducted a client survey and found that the majority of respondents expected the price of BTC to reach $60,000 or more this year.

Unlike JPMorgan, several people have said they see a significant upside to the crypto market. The CEO of Defiance ETFs said she remains “completely bullish on bitcoin,” expecting the price of the cryptocurrency to reach $100,000. In addition, Mike Novogratz, the CEO of Galaxy Digital, outlined a number of bullish factors affecting crypto markets last week.

What do you think about JPMorgan’s assessment of the crypto market? Let us know in the comments section below.

Defiance CEO ‘Completely Bullish on Bitcoin’ — Says It’s ‘a Good Time to Get in’

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Defiance ETFs CEO 'Completely Bullish on Bitcoin' — Says It's 'a Good Time to Get in'

The head of Defiance ETFs says she is “completely bullish on bitcoin.” Noting that it is a “good time” to get into the cryptocurrency, she explained why she believes the price of bitcoin will reach $100K.

CEO of Defiance ETFs Bullish on Bitcoin

Sylvia Jablonski, chief executive officer, chief investment officer, and co-founder of Defiance ETFs, explained her bullishness on bitcoin despite recent price declines in an interview with CNBC Thursday.

Defiance ETFs is an exchange-traded funds (ETFs) sponsor and registered investment advisor focused on thematic investing.

Jablonski told the media outlet:

I remain completely bullish on bitcoin. I think the short-term activity is just noise.

She noted: “It looks as though, in terms of what we’ve seen for the last six months to a year or so, is that bitcoin is correlated with risk assets and equities specifically.”

The executive explained that when investors see the crypto market rallying for a couple of days, they pile back into bitcoin, ether, and some of the other cryptocurrencies. Similarly, “when you do see pullbacks, they seem to be hitting bitcoin too,” she pointed out.

Regarding bitcoin as an inflation hedge, she admitted that “a couple of years ago, a lot of us thought that bitcoin was going to be this great inflation hedge and it was going to react in a similar way to gold and it was going to be this safe-haven inflation trade, but I think it’s trading more like a Nasdaq 100 stock than it is like an inflation trade.”

Jablonski predicted, “In the short term it’s going to be sideways volatility, it’s going to be range-bound price action, but longer-term, I still expect bitcoin to be in that $100,000 camp before I expect it to go to zero.” The Defiance ETFs boss elaborated:

I still think it’s kind of a good time to get in.

Jablonski described: “We have to think about it as we do the market so if I think about what happened with some of the broad-based indices, and again just using Nasdaq as an example, at one point we hit 200-day moving average and Nasdaq was very much in bear market territory, 20% or more below all-time highs.”

She emphasized:

Bitcoin mirrored that, and here we are getting off that 200-day average on Nasdaq and we are getting off our lows on bitcoin as well.

“So I think that we definitely have a tradable bottom. I think we are going to have these short-term rallies, but I don’t think that this is it. I think that the market has a little more to weather in terms of range-bound volatility. There’s a psychological aspect to the headwinds as well,” she further shared.

The executive continued: “You have [the] Russia-Ukraine [war], you have inflation, you have the Fed raising rates, and that just keeps investors holding on to their cash, which is actually a huge mistake in the end because that locks in losses.”

Jablonski added: “But I think once they kind of get past that psychological aspect and we sort of see the fundamentals in the economy and cryptocurrency and bitcoin, you’ll start to see it rally so I don’t think we’re going to get that straight shot just yet.” She opined:

I think you’ll get some range-bound volatility now between $46,000, $47,000, and $50,000. I think kind of down the road we’ll see that rally up to $100,000.

At the time of writing, bitcoin is trading at $46,075 based on data from Bitcoin.com Markets.

What do you think about Sylvia Jablonski’s comments? Let us know in the comments section below.

Mike Novogratz Expects Bitcoin to Hit $500K — Says BTC Is a Great Alternative in Economies With Poor Stewardship

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Mike Novogratz Expects Bitcoin to Hit $500K — Says BTC Is a Great Alternative in Economies With Poor Stewardship

Galaxy Digital CEO Mike Novogratz says bitcoin is a great alternative and a lifeline to people in countries with poor stewardship of the economy. He expects the price of the cryptocurrency to hit $500K. “We see an adoption cycle that accelerates … going viral everywhere,” he said.

Bitcoin Is a ‘Great Alternative’ in Some Economies

Galaxy Digital CEO Mike Novogratz talked about the outlook for bitcoin and the U.S. dollar in a couple of interviews this week.

“The biggest thing that’s happened in the last 10 years in lots of ways, maybe longer, is when Europe and the U.S. said: ‘Hey Russia, those reserves that you thought were yours, they’re not really your reserves,’” he told Bloomberg Tuesday.

Elaborating on what he meant, the Galaxy Digital executive detailed:

It means the dollar or treasuries as a risk-free asset isn’t so risk free. It’s not risk free if you’re Russian and maybe if you’re Chinese, it might not be risk free either.

“So I think we are entering a world that’s unknown where people are going to struggle to figure out what is the reserve currency,” he opined.

“The U.S. isn’t going away. The dollar isn’t going away. But it’s not going to be the sole place. So I think you are going to see this hodgepodge of assets,” Novogratz described.

“Gold and, certainly, digital assets are going to be part of that bucket. The whole world is not going to flip to bitcoin overnight but you are going to see more and more people say: ‘I wanna have some of my money outside of the sovereign,’” he explained.

Noting that “The Russian ruble has depreciated over 90% in the last 10 years” and “The Turkish lira did the same,” Novogratz said:

Bitcoin is a lifeline to people in countries with really poor stewardship of the economy.

He similarly told CNBC Thursday: “When there’s bad stewardship of economies … bitcoin provides a great alternative.”

While admitting, “our stewardship has not been great,” the executive stressed: “If you were in Russia, you would feel pretty stupid having all of your money in rubles. Or if you were in Turkey, you’d feel pretty stupid having all your money in the Turkish lira.”

Bitcoin Could Hit $500,000

The Galaxy Digital boss was asked about his price prediction for bitcoin. He replied:

Five years out, if bitcoin is not at $500,000 then I’m wrong on the adoption cycle.

“We see an adoption cycle that accelerates. Bitcoin grew so much faster last year, crypto grew, than the internet did its best years in the 90s. I see this going viral everywhere,” he shared.

Novogratz also commented on the executive order on the regulation of cryptocurrency signed by President Joe Biden last week. He noted: “The politics have shifted even on the Democratic side. It’s no longer anti-crypto, it’s like: ‘Hold on, there’re a lot of crypto voters.’”

What do you think about Mike Novogratz’s comments? Let us know in the comments section below.

Veteran Trader Peter Brandt Gives Gen Zers Advice: ‘Contribute Monthly Savings to Bitcoin and Hold’

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Popular commentator and veteran trader Peter Brandt gave advice to Gen Zers on Thursday and said that they should contribute savings to bitcoin and stocks of solid companies. In the same Twitter thread, Brandt noted that “crypto is still unproven,” but also said that those that know him best, know he’s been “bullish for years.”

Peter Brandt’s Advice to the Youth: ‘Avoid Student Debt, Contribute Monthly Savings to Bitcoin’


Peter Brandt has a lot to say on Twitter and he’s not shy about sharing his opinion. Oftentimes, the veteran trader speaks about bitcoin (BTC), giving his perspective about crypto markets and bitcoin’s price corrections.

On Thursday, Brandt had some advice for Gen Zers concerning how they should position themselves in the current economy. “My [advice] to Gen Zers is – Get degree in a field with jobs – Avoid student debt as possible – Secure good job, think about [markets as a] hobby,” Brandt tweeted. The popular commentator further said to his 626,600 Twitter followers:

Buy a home/get married/be frugal -Contribute [monthly] savings to [bitcoin and stocks] of solid companies – & HOLD -Keep buying/hope for cheaper prices.


Brandt continued by adding that getting a “university degree is hugely over-rated.” He said that people entering a skilled trade would be choosing a “very legitimate career path.” Brandt added that he favored rental property and that he preferred “quality stocks” to crypto. “Crypto is still unproven IMO. Avoid 8hitcoins and jpgs. Hope for a bear market so that stocks can be bought cheaply,” Brandt said.

Following Brandt’s statements, one individual asked him: “Since when are you pro-Bitcoin, Peter?” Brandt responded by telling the Twitter user that he’s been optimistic about bitcoin for quite some time now.

“Those who know me best know I’ve been bullish for years,” Brandt replied. “But I try to be honest about charts and the Tweets that trolls remember is when I have commented on the charts when they are sending warning signals.”

What do you think about Peter Brandt’s advice to Gen Zers? Let us know in the comments section below.