Asset Manager Describes Bitcoin Price Forecasts as a ‘Loser’s Game’
Mobius is a financial expert who oversees Mobius Capital Partners LLP, a London-based asset management firm that focuses on emerging markets. Speaking with the London Financial News, he said it was worthless analyzing Bitcoin and its price because the asset doesn’t follow any pattern.
Comparing the asset to a poker game, Mobius explained that Bitcoin’s price is susceptible to changes from speculations and rumors. Bitcoin is a highly speculative asset, and much of its price predictions tend to get tied to peoples’ views of it.