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Crypto

Mark Mobius Sees Bitcoin Down at $10,000 in ‘Dangerous’ Crypto Market

  • Fund manager says he won’t invest his or client cash in crypto
  • But he also says that the digital-asset sector is here to stay
Mark Mobius

Mark Mobius

Photographer: Simon Dawson/Bloomberg

The crypto rout has room to run, according to veteran fund manager Mark Mobius. 

The co-founder of Mobius Capital Partners LLP said in an interview Monday in Singapore that his next target for Bitcoin is $10,000. He added he wouldn’t invest his own cash or client money in digital assets as “it’s too dangerous.”