18.06.2021

Crypto News

Insider information in the world of cryptocurrencies.

Mark Mobius: "the growing popularity of cryptocurrencies will push investors to buy physical assets

Mark Mobius: “the growing popularity of cryptocurrencies will push investors to buy physical assets

Mark Mobius, a well-known investor and founder of Mobius Capital Partners, believes that the increasing popularity of cryptocurrencies will encourage investors to buy physical assets, such as gold.

“These new currencies are gradually coming into play. I call them psychovalutes, because their popularity depends on faith. It seems to me that their growth will provoke an increase in demand for real physical assets, including gold, which can be both a means of capital accumulation and serve as a currency,” he said.

Mobius recommends taking a closer look at such assets, as central banks may start up their printing presses again.

“In my opinion, gold can be redeemed at any price. Its long-term perspective is up and only up. It’s all about the money supply, which is constantly increasing. Central banks will not stop and will print money like crazy, ” explains the investor.

Although Mobius does not put bitcoin on the same level as traditional assets, his opinion about the first cryptocurrency has changed somewhat in a positive direction. Last year he said: “I think bitcoin is a scam. Can you tell me who’s running it?” Who controls it? No one can give an answer.” Now, he admits that bitcoin will be popular in some circles.”Definitely, people want to transfer funds quickly and easily. Bitcoin provides this opportunity, as well as other currencies of this type. I think he will survive and perform well.”