Mark Mobius predicts Bitcoin to fall to $10,000

The next target for Bitcoin is the $10,000 mark. This forecast was shared by the well-known emerging markets investor Mark Mobius, Bloomberg reports.

The expert noted that he would not invest his own money or clients’ money in cryptocurrencies, as “it’s too dangerous.” At the same time, he does not believe that the forming asset class will disappear.

“Cryptocurrencies will endure, because there are investors who still believe in them. It is remarkable how prices have held up in the face of FTX collapse,” — he said.

The target cited by Mobius aligns with the price action of December options, where the maximum open interest was in put options, according to Deribit.

Earlier, Glassnode reported the fourth-largest capitulation of Bitcoin investors in history amid the FTX saga.

As Morgan Stanley noted a decline in retail investor interest in cryptocurrencies.

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