“The growing popularity of cryptocurrencies will push investors to purchase 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 entering the game. I call them psycho-currencies 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 either a means of accumulating capital or acting as a currency, ”he said.

Mobius recommends a closer look at such assets, as central banks can re-launch their printing presses.

“In my opinion, gold can be bought at any price. His 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 as insane, ”the investor explains.

Although Mobius does not put bitcoin on a par with traditional assets, his opinion about the first cryptocurrency has changed a little in a positive direction. Last year, he said: “I think bitcoin is fraud. Explain to me who controls 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 such an opportunity, like other currencies of this type. I think he will survive and show himself well. ”

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