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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.

Skybridge Capital Founder Doubles Down on $100K Bitcoin Prediction — Expects BTC to Reach $500K Long-Term

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Skybridge Capital Founder Doubles Down on $100K Bitcoin Prediction — Expects BTC to Reach $500K Long-Term

The founder of Skybridge Capital has doubled down on his $100K bitcoin price prediction. He also believes that bitcoin could reach $500K a coin in the long run. “But we’ve got some work to do here from a regulatory perspective,” he stressed. The executive also advised how an average investor should get into bitcoin.

Skybridge Capital’s Founder on Bitcoin Price

The founder of investment management firm Skybridge Capital, Anthony Scaramucci, talked about the future outlook for bitcoin Friday in an interview with Melissa Francis on Magnifi by TIFIN.

Scaramucci expected the price of BTC to reach $100,000 by the end of last year. However, he admitted that he “did not assess the regulatory environment appropriately” after the U.S. Securities and Exchange Commission (SEC) approved bitcoin futures exchange-traded funds (ETFs).

“I thought once you had the bitcoin futures [ETFs], you’d end up with the cash pretty immediately. Too much political headwind for that,” he explained. Instead, BTC got corrected down to the $40,000 level from its all-time high of $68,892 based on data from Bitcoin.com Markets.

Nonetheless, the Skybridge Capital founder believes that the price of bitcoin could reach $100,000 this year. He opined:

Could it get there this year? Yes. Is it likely to get there over two years? I’m very confident of that. But we’ve got some work to do here from a regulatory perspective.

“We got to get the markets to calm down a little bit. We’ve got to get through Covid. But it’s not going anywhere,” he stressed.

How an Average Investor Should Get Into Bitcoin

The Skybridge Capital founder was also asked what he would do if he were an average investor who has not invested in crypto. “I would buy some,” he promptly replied. However, he added, “I would average in.”

While cautioning that there will be volatility, Scaramucci noted:

The only way you can handle technology like this is to dollar-cost average and buy a little every month.

Regarding what percentage of a paycheck an average investor should put into bitcoin, Scaramucci advised: “I would pick a number that you are comfortable with and buy a little every month.” He recommends putting between 1% and 4%.

“I put 4% of Skybridge money into bitcoin,” he shared. “I started off with a 4% cost position … If you talked to me at the peak, it ended up being 22%,” he detailed, adding that it then “traded down to about a 15% position.”

He continued: “I think you’ve got to be part of that. I think it would be a mistake to be under-invested or zero-invested in blockchain and cryptocurrency.”

$500K per Bitcoin

Scaramucci also commented on how high the price of bitcoin could reach long term, reiterating his previous prediction that BTC could reach $500,000 a coin.

Noting that “This is early adopting technology,” the Skybridge Capital executive warned: “This will be very volatile. There’ll be periods of time where bitcoin will crash, down 50 plus percent.” Nonetheless, he emphasized:

But if you’re willing to zoom out and look at the long term chart and look at the adoption story, could bitcoin get to a half a million dollars a coin? I believe it will.

Scaramucci has been bullish on bitcoin for quite some time. In November last year, he encouraged investors to start buying BTC, stating: “This is very, very early for people … I’m trying to do my best to explain to them why they need to own this right now.”

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

Analyst Expects US to Embrace Crypto With Proper Regulation in 2022 – Sees ‘Refreshed’ Bitcoin Bull Market

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Analyst Expects US to Embrace Crypto With Proper Regulation in 2022 – Sees 'Refreshed' Bitcoin Bull Market

Analyst Mike McGlone with Bloomberg Intelligence has shared his outlook for the cryptocurrency market going forward. “We expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications,” he detailed. Noting that “Bitcoin appears to be on a trajectory for $100,000,” the analyst added that we are likely to see “A paused, corrected and refreshed bull market.”

Crypto Market Outlook and Bitcoin’s Price Prediction

Bloomberg Intelligence (BI) published its 2022 crypto outlook report last week. “Incentivized by China’s ban and the proliferation of revolutionary technologies such as crypto dollars and non-fungible tokens (NFTs),” BI senior commodity strategist Mike McGlone explained:

We expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications.

“The unlimited supply of fiat currency should sustain rising prices, notably in bitcoin and ethereum, which have limited supply,” he added. “We expect wider adoption to prevail and overcome most wobbles, like 2021’s near 50% correction.”

Furthermore, “Some normalization in stock-market returns and a continued decline in U.S. Treasury bond yields may shine on Bitcoin and Ethereum in portfolios,” McGlone noted.

The analyst further shared: “The key question facing bitcoin nearing the onset of 2022 is whether it’s peaking or simply a consolidating bull market. We believe it’s the latter, and see the benchmark crypto well on its way to becoming global digital collateral in a world going that way. It’s likely to be about key support around $50,000 and $100,000 resistance in 2022.”

McGlone described:

Bitcoin appears to be on a trajectory for $100,000 … A paused, corrected and refreshed bull market is how we see bitcoin approaching 2022.

Regarding whether the price of BTC will hit $100K, the analyst emphasized: “We see it as more of a question of time, notably due to the economic basics of increasing demand vs. decreasing supply.”

Do you agree with the analyst’s crypto outlook and prediction? Let us know in the comments section below.

Analyst Predicts ‘Refreshed Bull Market’ for Bitcoin, Price Heading Toward $100K

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Analyst Mike McGlone Predicts 'Refreshed Bull Market' for Bitcoin, Price Heading Towards $100K

Bloomberg Intelligence analyst Mike McGlone sees “a refreshed bull market” for bitcoin. Comparing the performance of the cryptocurrency to the start of 2019, he explained, “we see performance parallels that could get the benchmark crypto back on track toward $100,000.”

Bitcoin Back on Track Toward $100,000

Bloomberg Intelligence published analyst Mike McGlone’s August cryptocurrency outlook with a price prediction for bitcoin Wednesday.

McGlone described that bitcoin is set to turn $40,000 into support, stating that “This year is prime for bitcoin to take the next step in its price-discovery stage and we see a refreshed bull market.” He further explained:

Bitcoin appears to have built a base around $30,000 that’s akin to $4,000 at the start of 2019, and we see performance parallels that could get the benchmark crypto back on track toward $100,000.

“The longest period below its 20-week moving average since 2018-19 indicates weak longs have been cleansed within an enduring bull market,” the analyst added. “What’s changed in about three years is sufficient to sustain more of the same for most of Bitcoin’s history — rising prices. Supply is declining while demand and adoption are rising in most countries that welcome open discourse and free-market capitalism.”

Mike McGlone’s chart. Source: Bloomberg Intelligence

He noted that the crypto crackdowns in China and the increased regulatory efforts by the U.S. government are part of bitcoin’s maturation. “The increasing dichotomy between China pushing back and the U.S adding clearer rules may mark part of a new and different kind of cold war. Countries restricting capital flows may fall behind in the digitalization process of money and finance,” he opined.

Furthermore, the analyst said: “Bitcoin and gold are poised to follow the resumed upward trajectory of U.S. Treasury bond prices in 2H … Probabilities are rising that bearish 1H consensus will turn out to be temporary and provide an opportunity for more-enduring bull markets starting from a discount.”

McGlone has long been bullish about bitcoin. The Bloomberg Intelligence analyst said in October last year, “The key thing about bitcoin is that I don’t see what’s going to stop it from doing what it has been doing for most of its life, and that’s appreciating.”

Last month, he said that “Bitcoin is more likely to revert toward $60,000 resistance vs. $20,000 support if its history of recovering from similar too-cold conditions are any guide.”

Meanwhile, a panel of crypto experts has predicted that by December 2025, the price of BTC will go up to $318,417. Furthermore, 54% of them think hyperbitcoinization — the moment that bitcoin overtakes global finance — will happen by 2050.

Do you agree with Mike McGlone? Let us know in the comments section below.

Crypto Experts Predict Bitcoin Price Rising to $318,417 by December 2025

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Crypto Experts Predict Bitcoin Price Rising to $318,417 by December 2025

A panel of crypto experts has predicted that the price of bitcoin will rise to $318,417 by December 2025. The most bullish expert believes that the price of the cryptocurrency will reach $160,000 by the end of the year. Meanwhile, 54% of them think that hyperbitcoinization will happen by 2050.

Crypto Experts Share Bitcoin Price Prediction

Finder, a major product comparison website, has conducted a study to find out the future outlook of bitcoin as its popularity grows. “As awareness of cryptocurrencies continues to spread, all eyes are on bitcoin’s price. So we asked our panel of 42 cryptocurrency experts what’s in store for the coin,” the company detailed last week.

The panelists include crypto asset managers, executives of crypto exchanges and other service providers, crypto analysts, professors, and lecturers at universities. Among various topics discussed was what the price of bitcoin will be at the end of the year and a few years from now. Finder detailed:

While there may be some medium term price depreciation, the panel predicts that by December 2025, the price of BTC will go up to $318,417.

The company added, “This is 61% higher than the panel’s end-of-2025 prediction in December 2020, but 12% lower than that in April.”

Furthermore, the “Panelists predict that by December 2030, the price of bitcoin will go up to a whopping $4,287,591 per BTC. However, the average is skewed by outliers – when we look at the median price prediction, the 2030 price forecast comes down to $470,000,” Finder wrote.

As for what the price of bitcoin will be at the end of the year, the majority of panelists (61%) said bitcoin is currently undervalued and on average the panel expected the price of the cryptocurrency at the end of 2021 to reach $66,284 per coin.

Morpher CEO Martin Fröhler was the most bullish about the price of bitcoin on the panel. With a year-end prediction of $160,000 per BTC, he opined:

Adoption by corporations and institutional investors paired with a loose monetary policy and high asset inflation will propel bitcoin to 6 figures before the end of this year. The next halving cycle will see increased adoption of bitcoin as a legal tender by developing countries, and until 2030, bitcoin will have replaced gold as a global reserve asset.

Wave Financial senior trader Justin Chuh gave a lower-than-average price prediction of $56,000 for the year end. Nonetheless, he expressed confidence in bitcoin as the “tried-and-true safe haven” of digital assets. The trader sees the price of bitcoin on an upward trend, predicting that BTC will end 2025 at $210,000 and 2030 at $400,000, with halving events and inflation pushing the price upward. He said:

Halving events and inflation along the way to 2025 and 2030 will likely trigger the larger upside moves. Prices are likely to be continuously driven by supply and demand, less availability for a wider group of users.

However, not everyone on the panel was as bullish. University of Canberra’s senior lecturer, John Hawkins, was among the most bearish on the panel. His year-end prediction was $20,000 per bitcoin. The lecturer also believes that countries adopting bitcoin will actually have a negative impact on its price.

The study also covers when the experts think hyperbitcoinization will happen. Finder found:

54% of the panel thinks hyperbitcoinization – the moment that bitcoin overtakes global finance – will happen by 2050. 29% think it will happen as soon as 2035 and an additional 20% by 2040.

The panel includes representatives from Galia Digital, Allnodes, Wave Financial, Morpher, Cryptocompare, Coinsmart, Banz Capital, Arcane Crypto, Rouge International and Rouge Ventures, Celsius Network, Coingecko, Coinflip, Token Metrics, Thomson Reuters, Finder, Morgan Creek Digital, Zebpay, Amber, Decred, UCL, the University of New South Wales, City University of Hong Kong, and the University of Western Australia.

What do you think the price of bitcoin will be in 2025 and when do you think hyperbitcoinization will happen? Let us know in the comments section below.