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Seasoned investor and co-founder of Mobius Capital Partners Mark Mobius is issuing a dire warning to Bitcoin (BTC) traders that devastating losses still await the leading crypto asset.
Mobius says that while the “buy the dip” strategy may have worked for cryptocurrency traders in the past, it’s not a good idea this time around. However, he notes there could be a slight upswing after Bitcoin drops to the $20,000 mark before it once again resumes its plummet to $10,000.
“[Buying the dip] 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.”
? Crypto Merch:
? Daily Letter:
? Blog / Podcast:
Show Notes / News Resources:
✔ Bitcoin Technical Analysis:
✔ BTC Difficulty New ATH:
✔ $30M in BTC Mysteriously Awakens:
✔ Rich Dad $17K Bitcoin Prediction:
✔ Mobius $10K BTC Prediction:
? DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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