Mark Mobius Prediction Bitcoin could hit $10k at 2023

[DanWalker]

He is a legendary investor, but that doesn't mean all his predictions will come true. He is just like us, just making our predictions and hoping they will become a reality, no one has a crystal ball to know exactly what bitcoin will look like tomorrow.
Be careful when following news like this, maybe someone wants our bitcoins, they are trying to scare us and sell our bitcoins at a low price. Please do your own research, and never take any advice from the media, it's a great market manipulation tool by the sharks.

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[KingsDen]

I do not know the man that made the prediction, but I believe the man that bitcoin can get to 10,000 dollars . Before now I was not in support of Bitcoin going lower than what we are seeing but recently I looked at the Bitcoin chart from the yearly time frame I saw that bitcoin is not heading to anywhere close to bull. We will experience more bearish trend, although I am not an expert but that is what my little knowledge about the chart told me.

<...>

I have read where you said that the Bitcoin window is opened between $15k to $75k or 100k. This means Bitcoin may not go below $15k. Without writing long episode, are you still standing by this speculation?

[doomloop]

Who is the man? I don't know about this man.

Will you lose anything if Bitcoin drops to $10k but you invest with your money and can wait until 2024 halving?

If you can not buy more Bitcoin about $10k, just hodl till the halving.
If you can DCA more, do it.

Skip his prediction because if Bitcoin falls to $10k, he will make another prediction calls to $5k.

In bull runs, later predictions call for higher prices.
In bear runs, later predictions call for lower bottoms.

Is it true?
No, because price can not rise forever in bull run or fall forever in bear run. There is top and bottom but your responsibility is to DCA and take profit averagely.

We all don't know about this man but one thing this is for sure, and that is this man want's to be on the spotlight by sharing his own prediction. As long as btc still has its own value then we don't lose anything. Not those who invest in btc can wait for 2024 because that is a long year but there are great benefits if one can hodl that long.

This marks guy is bearish about btc so you might be right that once btc dips to that amount, he will call another lower amount again and so on, if ever btc didn't stop dipping but I bet there's only a less chance that his predictions will occur. $10k seems to be a low value already and if it's possible then it should have happened by now, now that the situation is much worse.

[wxa7115]

Due to some unexpected events of this year, the Bitcoin market is in a very bad situation. Right now, Mark Mobius, a very popular figure in cryptocurrency, predicted in a CNBC seminar on Thrusday that Bitcoin is going to stay below $10k dollars very soon. That's going to be a 40 percent drop in current bitcoin value.



Re: photo collected from Google

He adds that one of the reasons for this is that large centralized exchanges like FTX are getting involved in scams out of fear that those who have invested in cryptocurrencies or institutions that hold cryptocurrency investments by offering interest rates above 5% are getting destroyed.  Also, people don't want to hold cryptocurrency because of higher interest rate of USD.

Mark Mobius had earlier given some predictions which were later corrected .In May this year, when the Bitcoin market was at $28,000, he said that Bitcoin would soon hit $20,000, which later came true.  But it is only a matter of time how far Mark Mobius's $10k prediction comes true.
source

While I would never say I know every single important figure in this market I do not remember him, but after looking for his name I can see that he is in fact a prominent figure in the fiat economy and has written several books about investing.

However even if the market went down and reached 10k, does this change at all your approach to this market? Because it does not really makes too much of a difference to me, if I could hold my coins when bitcoin crashed at the beginning of 2018 then I can hold my coins if the price crashed that hard next year, so at least to me even if such prediction came true not much will change.

[Lubang Bawah]

After the case of FTX and many influencers says that the FTX case can occur in many exchanges, it makes investors panic, if there are more large cases such as FTX, it is natural that the price of Bitcoin will continue to drop even under $ 10K, for the short term there will certainly be panic , but slowly after the case is finished, the price will skyrocket again.

[fuguebtc]

I don't know this man, and it doesn't matter what his purpose is, is he speculating as an investor or getting paid to do it? But I agree with his prediction, I still believe we haven't bottomed in this bear season. Not only do I predict the bear market is still ongoing, but I also hope that bitcoin could fall even more. The bitcoin price drop is not a bad thing, why are people afraid of it happening?

If you invest in bitcoins and store them in a non-custodial wallet, there is nothing to fear when the exchange crashes or the market crashes and the falling bitcoin price is an opportunity for us to buy more bitcoins.

[CageMabok]

After the case of FTX and many influencers says that the FTX case can occur in many exchanges, it makes investors panic, if there are more large cases such as FTX, it is natural that the price of Bitcoin will continue to drop even under $ 10K, for the short term there will certainly be panic , but slowly after the case is finished, the price will skyrocket again.

Now the case with FTX has occurred and has also been completed, although everyone is still traumatized and continues to remember it. And the same case has not happened on other exchanges, so you don't need to worry or be afraid of what influencers say to make investors panic.

Because influencers also have their own goals in saying this and if you are still being overshadowed by the FTX case until now, then better not buy anything at this point and keep your money safe in your wallet. Because by doing so you can keep your assets very safe and can eliminate the feeling of worry that arises from your own mind.

[Lucius]

Who is the man? I don't know about this man.

I can't remember ever hearing about that man since I've been on the forum, but even if I had I wouldn't get too excited about his opinion - because in a bear market all the so-called experts amplify their pessimism to the max. Even if it happens that the price reaches $10k at some point, it is not a tragedy for those who understand that with time the whole market will recover, and Bitcoin will not be an exception.

The year 2023 might be quite challenging, but as the halving approaches, there will be more and more optimistic people who will once again want to take advantage of the opportunity to profit. Then everyone will compete in their speculations for the next bull run, and this character will also turn from a great pessimist to a great optimist.

[buwaytress]

He's so popular I never heard of him, and might not even remember him the next time his name drops randomly here. Haven't we already gotten bored of these CNN CNBC pseudo-finance-crypto experts by now?

Calling a 10k bottom when we've seen Bitcoin struggle to keep hold of $17k isn't exactly analyses that won't be found elsewhere. It's Bitcoin. Dropping from current levels to 10k is not even a 50% drop, something Bitcoin's fully capable of.

The clever expert would instead be asking how low more can it go if it does breach 10k? It's psychological. Do we see a massive bounce? Or does that cause final capitulation?

[michellee]

If what he said comes true, I will be happy to wait for it because it is a golden opportunity to buy more bitcoins. I don't know him but I will take part by buying bitcoin again. The potential for bitcoin to go higher is huge in the future. So we can buy bitcoin at a lower price than now, that is our advantage and we can see how its value will grow in the future. We should not panic if the price drops to $10k so people don't sell their bitcoins but use them to increase their bitcoins.

[STT]

I know of him for many years, he is quite senior now experienced in emerging markets and commodities I think.   I dont see why he should have a special opinion on BTC or has any personal involvement that I have heard of.   So he is likely making the same type of call others would in very general finance related trends around dollar flows, just like calling Euro strength or any country rising or falling.
   I wouldnt dismiss him exactly, his opinion comes from the mainstream and he is correct in saying FTX casts a long shadow in terms of market confidence.  It is true but also thats a private company not BTC itself, someone in crypto screwed up badly is not a new headline its a wild west still so yea be careful do not ever place everything in one place and consider it a safe bet.   Thats also true of some of the worlds largest banks, so the context for BTC to continue to progress and be required is still there and yet 10k can happen sure but its more of a buy then a fear I rate personally.

[n0ne]

If what he said comes true, I will be happy to wait for it because it is a golden opportunity to buy more bitcoins. I don't know him but I will take part by buying bitcoin again. The potential for bitcoin to go higher is huge in the future. So we can buy bitcoin at a lower price than now, that is our advantage and we can see how its value will grow in the future. We should not panic if the price drops to $10k so people don't sell their bitcoins but use them to increase their bitcoins.

Myself too doesn't know him. Based on the discussion it looks like he's an expert in predicting the market. As mentioned the chances of price reaching $10k is high, based on the halving scheduled for the year 2024. With the same in mind it is good to stay positive amidst the regulation and other issues arise relative to cryptocurrency.

[crunck]

After the case of FTX and many influencers says that the FTX case can occur in many exchanges, it makes investors panic, if there are more large cases such as FTX, it is natural that the price of Bitcoin will continue to drop even under $ 10K, for the short term there will certainly be panic , but slowly after the case is finished, the price will skyrocket again.

Now the case with FTX has occurred and has also been completed, although everyone is still traumatized and continues to remember it. And the same case has not happened on other exchanges, so you don't need to worry or be afraid of what influencers say to make investors panic.

Because influencers also have their own goals in saying this and if you are still being overshadowed by the FTX case until now, then better not buy anything at this point and keep your money safe in your wallet. Because by doing so you can keep your assets very safe and can eliminate the feeling of worry that arises from your own mind.

The crash of FTX is not over yet and things have only just begun, they are not officially bankrupt yet and the companies involved have not been fully disclosed. FTX is in the process of filing for bankruptcy and they have time to negotiate with customers and partners. Gemini is the name involved in the FTX crash and may go bankrupt if it fails to borrow $1 billion, which will negatively impact the market. But information about it is still not much and people don't care because the bomb hasn't exploded.

[michellee]

If what he said comes true, I will be happy to wait for it because it is a golden opportunity to buy more bitcoins. I don't know him but I will take part by buying bitcoin again. The potential for bitcoin to go higher is huge in the future. So we can buy bitcoin at a lower price than now, that is our advantage and we can see how its value will grow in the future. We should not panic if the price drops to $10k so people don't sell their bitcoins but use them to increase their bitcoins.

Myself too doesn't know him. Based on the discussion it looks like he's an expert in predicting the market. As mentioned the chances of price reaching $10k is high, based on the halving scheduled for the year 2024. With the same in mind it is good to stay positive amidst the regulation and other issues arise relative to cryptocurrency.

Even though he's an expert, we don't need to worry, let alone panic and it's better to choose to prepare everything before it's too late to realize. And if it is true that the price of bitcoin will fall next year, we should be able to buy it at the lowest price because, who knows, once it reaches that lowest price, the price will immediately reverse direction. But we may have difficulty knowing the lowest price because the price can move wildly. And only by being prepared is all we can do.

[Ludmilla_rose1995]

Due to some unexpected events of this year, the Bitcoin market is in a very bad situation. Right now, Mark Mobius, a very popular figure in cryptocurrency, predicted in a CNBC seminar on Thrusday that Bitcoin is going to stay below $10k dollars very soon. That's going to be a 40 percent drop in current bitcoin value.



Re: photo collected from Google

He adds that one of the reasons for this is that large centralized exchanges like FTX are getting involved in scams out of fear that those who have invested in cryptocurrencies or institutions that hold cryptocurrency investments by offering interest rates above 5% are getting destroyed.  Also, people don't want to hold cryptocurrency because of higher interest rate of USD.

Mark Mobius had earlier given some predictions which were later corrected .In May this year, when the Bitcoin market was at $28,000, he said that Bitcoin would soon hit $20,000, which later came true.  But it is only a matter of time how far Mark Mobius's $10k prediction comes true.
source

I see Mark Mobius is a founder of Mobius capital partners (so he is no different from another financial fund manager). everyone is free to speculate on the price of bitcoin every year but speculation without data is a hoax. if you believe his words, then just prepare your money to buy bitcoin when the price is $ 10k, but if you don't believe his words even a little, then keep holding the bitcoins that you have.

[Paul Pogba]

This prediction can be correct if the December price cannot touch $20k, many investors will panic so they choose to cut losses, now we will see if December will rise or stay in the range of $16k, but if this prediction is correct then prepare big money to buy, because I'm sure the price will rise again soon.

[Pierre 2]

After reading his discussion on bitcoin news and giving a thought, I think he is sort of right with his arguments.
"Crypto is here to stay as there are several investors who still have faith in it" is prime example of his familiarity with Bitcoin.

There is one more idea from him, in 2021:
https://news.bitcoin.com/mobius-capital-founder-crypto-is-not-an-investment-means-to-speculate-have-fun/
-Mark Mobius says that cryptocurrency is not an investment, calling it “a means to speculate and have fun.”
This is not exactly true considering nearly all good cryptocurrencies are tied to great businesses right now - but considering altcoin jungle its all speculation.

I feel like Bitcoin is truly investment option tho. Doesn't matter if its prices go below 10k or 5k even. I will never stop investing in Bitcoins!

[el kaka22]

There are too many people guessing that they would hit it big, but the reality is that these so called experts are not really experts on the subject. They usually do not even realize that we are talking about something volatile and unexpected, which means that you are not going to really get anything out of this.

It would be a lot smarter if you just picked what you know, and that way it would be a lot better to talk about that, but these people just like to talk about whatever is trending at that moment to get more attention. What you need to learn about these big name people (and this guy is not even that) is the fact that they need to get attention or they will be gone.

[Vinaa77]

Mark Mobius had earlier given some predictions which were later corrected .In May this year, when the Bitcoin market was at $28,000, he said that Bitcoin would soon hit $20,000, which later came true.  But it is only a matter of time how far Mark Mobius's $10k prediction comes true.
source

Talking about predictions that result in truth or falsity in those predictions really depends on who is talking about those predictions. If we make predictions about Bitcoin, of course there will be many wrong predictions compared to the truth of the predictions.
Mark Mobius predicts about Bitcoin, of course, will produce correct predictions because he is also part of the players in the crypto market. So the level of truth of the prediction is much higher than the failure of the prediction.

[Yaunfitda]

Most likely $10k might be the final capitulation for us?

What if we really hit $10k in 2023? it's a big psychological number, we all know that traders like whole numbers and support like this one, so I think if we hit this numbers then problem we hit the bottom but the reaction could be huge as we will have a bounce the soonest.

And I speculate that if we are going to hit this price, this could be near the start of the bitcoin halving. As we all know that this is the final catalyst for the start of a bull run.