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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.

Mobius Capital Founder Says Crypto Is Not an Investment but ‘a Means to Speculate and Have Fun’

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Mobius Capital Founder Says Crypto Is Not an Investment but 'a Means to Speculate and Have Fun'

Mobius Capital Partners founder Mark Mobius says that cryptocurrency is not an investment, calling it “a means to speculate and have fun.” He prefers stocks and believes “the U.S. market is going to continue to prosper and continue to do well.”

Mark Mobius Does Not See Crypto as an Investment

Mark Mobius, the founder of Mobius Capital Partners, talked about cryptocurrency in an interview with CNBC Wednesday.

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. He founded Mobius Capital Partners in March 2018.

“It’s not an investment. It’s a religion,” he said about crypto, elaborating:

People should not look at these cryptocurrencies as a means to invest. It’s a means to speculate and have fun. But then you got to go back to stocks at the end of the day.

Unlike Mobius, many famous investors and fund managers see bitcoin as a good investment. Renowned investors Paul Tudor Jones and Stan Druckenmiller, for example, have said that bitcoin is a great hedge against inflation. Jones even admitted recently that he prefers crypto to gold.

Others who have recommended bitcoin as an investment include Rich Dad Poor Dad author Robert Kiyosaki who predicted last week that the U.S. will suffer a great crash, followed by a new depression. Moreover, Morgan Stanley’s CEO said last month that bitcoin is not a fad and crypto is not going away.

Mobius further warned about rising inflation Wednesday, noting that stocks are the best bet in the current environment. He opined:

Stocks definitely are the answer because the devaluation of currency is not going to go away, which means inflation is going to continue at a high rate going forward. Don’t forget the U.S. money supply has gone up over 30%.

While emphasizing, “We believe the U.S. market is going to continue to prosper and continue to do well,” the founder of Mobius Capital Partners pointed out that the main problem for the U.S. market is the potential for higher interest rates.

“Of course the big worry is interest rates, if the [global central] banks decide to raise interest rates after they’ve done their bond buying, then that could be a big worry not only in the U.S. but emerging markets generally,” he concluded.

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