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Experienced fund manager claims investing in cryptocurrencies is a religion

Some financial experts believe that cryptocurrencies like Bitcoin are not an investment, but pure speculation (Image: Executium)
Some financial experts believe that cryptocurrencies like Bitcoin are not an investment, but pure speculation (Image: Executium)
Even though the crypto market has been booming lately, there are still many critical voices among experienced investors who believe that cryptocurrencies are not an investment. It supposedly remains important to invest in the traditional stock market instead.

The well-known German-American fund manager Mark Mobius has offered his quite negative prognosis for the crypto market in a recent interview with CNBC. Despite the massive gains and new records set by cryptocurrencies like Bitcoin and Ethereum over the last few weeks, Mobius asserted that he does not acknowledge crypto as an investment at all.

The experienced financial expert instead thinks of crypto as a religion. It supposedly is fun to buy and speculate with crypto, but at the end of the day, he expects people to keep investing in the traditional stock market. Stocks will supposedly remain a viable investment even during times of persistent inflation, although increasing interests rates could become an issue for the stock market in the near future.

Mobius is not the only professional who has a negative view of the surging crypto market. Other experts have warned that a supposed crypto bubble could burst eventually, also because the true value behind digital currencies remains highly controversial. The recent crypto scam revolving around the hit Netflix series Squid Game further illustrates the high risks which crypto investors inevitably have to take when putting their hard earned money into mostly unregulated cryptocurrencies.

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Disclaimer: This article is for informational purposes only and does not contain any kind of investment advice.

Source(s)

CNBC, Image: Executium

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Enrico Frahn
Editor of the original article: Enrico Frahn - Tech Writer - 932 articles published on Notebookcheck since 2021
My fascination for technology goes back a long way to the Pentium II era. Modding, overclocking and treasuring computer hardware has since become an integral part of my life. As a student, I further developed a keen interest in mobile technologies that can make the stressful college life so much easier. After I fell in love with the creation of digital content while working in a marketing position, I now scour the web to bring you the most exciting topics in the world of tech. Outside the office, I’m particularly passionate about motorsports and mountain biking.
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2021 11 > Experienced fund manager claims investing in cryptocurrencies is a religion
Enrico Frahn, 2021-11- 3 (Update: 2021-11- 4)