Mark Mobius: Bitcoin, blockchain are still very ‘high-risk situations’

Mark Mobius Bitcoin, blockchain are still very ‘high-risk situations’

A reputable investor, Mark Mobius in his recent discussion with Joe Kernan of CNBC questioned the intrinsic value of Bitcoin and emphasized ‘faith of people’ factor is very influential. He responded, “The reason why people believe in the U.S. dollar is because they have faith that in their hands, they can buy something. So there’s a degree to which if cryptocurrency can enable you to buy something and you believe that to be the case, that’s fine.”

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