Mark Mobius Warns of Trump's Crypto Bubble!
Marketrealist.com - Fri 6 Sep 12:30 GMT

In an interview to CNBC, Mark Mobius warned about blockchain technology. Since President Trump's tariff shot in June last year, bitcoin has gained 41.4%.

  Since President Trump’s tariff shot in June last year, bitcoin has gained 41.4%.

  On Tuesday, the US dollar touched the highest level in the last two years.

  Lower interest rates have a negative impact on currencies and people’s wealth in terms of the US dollar.

  A crisis like Argentina’s sell-off, Brexit uncertainty, and Hong Kong’s social unrest could have also contributed to rising interest in alternative investments like cryptocurrencies and gold.

  According to Mark Mobius, Hong Kong is important for the US-China trade deal and diplomatic relations.

  Mobius warned that another escalation in Hong Kong’s social unrest could have a serious impact on the financial markets.

  According to Mobius, any security crisis in blockchain technology could threaten libra.