Mobius noted that a lot of people in the crypto community consider “buying the dip,” which means that bitcoin’s price might further decline in the future.
“Bitcoin goes down, the next day the Dow Jones goes down. That’s the pattern you get. That shows that bitcoin is a leading indicator.” Unlike many other investors who prefer to distribute their capital into real estate, precious metals, or cryptocurrencies due to the current inflationary environment, Mobius said he would instead hold “some cash.” At a later stage, he might invest in Indian stocks in the building-materials sector and software and medical-testing sectors.
Bitcoin retested $21K, got rejected, and with the FED meeting today: it can potentially drop to $19K-$17K. Y’all follow kimcaden9 She’s a super underrated Bitcoiner, I’ve been following her prediction, tweets and tips closely. Follow her
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