Investor Mark Mobius raises concerns about blockchain, which is the technology that underpins cryptocurrencies like bitcoin.
Crytocurrencies depend on people's faith that they have value, said Mobius, founding partner at Mobius Capital Partners.Blockchain is a risky technology that is far from infallible, according to Mark Mobius.
"A lot of people say, 'blockchain can't be broken into.' No, it can be. Anything that's created by man can be broken into. And it could create a big crisis," Mark Mobius, founding partner at Mobius Capital Partners, told CNBC's "Squawk Box" on Thursday. Many federal regulators have raised concerns about the potential illicit use of cryptocurrencies, like Facebook's new digital currency Libra.
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