"Bitcoin, in particular, can play the role of a leading indicator for stock markets," said Mark Mobius, the founder of Mobius Capital, an American investor. Because people's belief in cryptocurrencies has similarities to their belief in companies that lose money in stock markets, " he said
American investor Mark Mobius, 83, founder of Mobius Capital, known internationally as the "investment guru", said that Bitcoin in particular can play the role of a leading indicator for stock markets, "because people's faith in cryptocurrencies has similarities to their faith in companies that lose money in stock markets." said.
Mobius, organized by the International Cooperation Platform (UIP) 11. He spoke at the Bosphorus Summit.
"Technology has made many things cheaper and better," said Mobius, who said he was in one of the best periods in human history because of technology. That's why we're going through a deflationary period. Prices change, but so does quality., "he said.
Mobius, who argued that traditional inflation measurement indicators such as the Consumer Price Index (CPI) can no longer be used, such indicators no longer give accurate results, said that product groups from one period to another are constantly changing. "That's why the product group in 1950 and today's Product Group are quite different. So, in short, you compare apples to pears." said.