BEAMSTART Logo

Investing in crypto is 'dangerous' and bitcoin could plummet to $10,000, billionaire investor Mark Mobius says

Business Insider LogoBusiness Insider2 mo ago

Investing in crypto is 'dangerous' and bitcoin could plummet to $10,000, billionaire investor Mark Mobius says - Business Insider

Quick Summary:

Bitcoin could fall another 40% to $10,000, Mark Mobius warned, as the industry struggles to recover after the implosion of FTX.

Ark Invest's Cathie Wood reiterated her bitcoin price target of $1 million over the next decade, and said she believes the current rout would leave bitcoin "smelling like a rose".

"Crypto is here to stay as there are several investors who still have faith in it," he told Bloomberg.

or

Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-28 @ 17:58:34 (2 months ago)

News Timezone: GMT -5:00

Ranking: #2916 (out of 4217 stories this day)

News Source URL: markets.businessinsider.com

Language: English

Article Length: 281 words

Reading Time: 2 minutes read

Sentences: 31 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Insider

News ID: 2010939

View Article Analysis

About Business Insider

Business Insider Logo

Main Topics: EconomyBusiness

Official Website: businessinsider.com

Update Frequency: 57 posts per day

Year Established: 2007

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #64

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Investing in crypto is 'dangerous' and bitcoin could plummet to $10,000, billionaire investor Mark Mobius says" has 281 words across 31 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Which news outlet covered this story?

The story "Investing in crypto is 'dangerous' and bitcoin could plummet to $10,000, billionaire investor Mark Mobius says" was covered 2 months ago by Business Insider, a news publisher based in United States.

How trustworthy is 'Business Insider' news outlet?

Business Insider is a fully independent (privately-owned) news outlet established in 2007 that covers mostly economy and business news.

The outlet is headquartered in United States and publishes an average of 57 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #2010939
  • URL: https://beamstart.com/news/investing-in-crypto-is-dangerous-16696588625253

BEAMSTART brings you the latest news, database, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2023 BEAMSTART. All Rights Reserved.