The rapid correction of the Corn happened as expected. But not everything is so sad.
During the day, the Corn collapsed by almost 15%, from $ 8,319 to $ 7,179.
The market accordingly fell by almost the same amount, from $ 263.8 B to $ 228.4 B.
And what is good, you ask? Well, that is not forever. This confidence is now expressed by an absolute majority of experts. Even those who stubbornly opposed cryptocurrency. Legendary investor in emerging markets Mark Mobius (Joseph Bernhard Mark Mobius), 82, founder of Mobius Capital Partners LLP, did not recognize crypto for ages. He even condemned the bitcoin a “real fraud”. And so, by the age of wisdom, Mobius abruptly changed his mind. At Bloomberg, he announced that he sees the bright future of the Corn and the whole crypto in general:
– There’s definitely a desire among people around the world to be able to transfer money easily and confidentially. So that is really the backing to Bitcoin and other currencies of that type. So I believe it’s going to be alive and well.
No need to think that a great investor just out of his mind. Only three years ago, he left the post of chairman of an influential research team at the Templeton Emerging Markets Group with offices in 18 emerging markets. He led research for 25 years! And after leaving Templeton, Mark founded Mobius Capital Partners, a fund management firm that invests in emerging and frontier markets. Well, he does hold instinct!
New chance for hamsters
A crypto trader and analyst Filb Filb is a member of the community for a long time. And he shared his own witty observation and prognosis. Using the means of technical analysis, Filb Filb calculated that the Corn should now fall to $ 5,200.
This is indicated, in his opinion, by such technical indicators as declining trading volumes. Filb Filb concludes:
– BTC back down, giving investors the last great buying opportunity.
Bitcoin growth is inevitable – the trader thinks so. But emphasizes:
– Posts are my own ideas & not investment advice DYOR (Do Your Own Research).
It seems that bitcoin really gives hamsters a new chance. Last or not – this is not so important.