Veteran investor Mark Mobius reveals one key element that could reverse his stance on Bitcoin.
Mobius, who co-founded frontier markets company Mobius Capital Partners, says in a Bloomberg interview that he isn’t a Bitcoin (BTC) enthusiast even though some of his friends are.
“A lot of my friends are Bitcoin enthusiasts. I am not.”
However, Mobius says that he could change his mind about Bitcoin if it becomes accepted as a method of paying taxes.
“If governments around the world, particularly the U.S. government, allows payment of taxes in Bitcoin or some cryptocurrency, then I would change my mind. Because then it would become an internationally recognized currency. But as it stands now, that’s not the case. I don’t see that happening anytime soon.”
Mobius says El Salvador’s decision to adopt Bitcoin as a legal tender is unlikely to be replicated across the globe due to the flagship cryptocurrency’s shortcomings and the Central American country’s unique circumstances.
“It just doesn’t make sense to have a payment system with Bitcoin when you can use [your] phone to make payments. What’s the big problem? Why do we need Bitcoin? That’s number one.
Number two, El Salvador, let’s face it, is on its back. It’s got real problems. It’s a bankrupt country, in fact.
So they’re grasping at straws with Bitcoin. But I don’t think it’s going to spread to other countries. Maybe a few other countries, maybe Cuba, other countries that have financial problems will adopt it. But otherwise, I don’t think this is going to go too far. It doesn’t make sense to me. It’s not convenient, it’s risky.”
https://dailyhodl.com/2021/09/10/veteran-investor-mark-mobius-says-hes-not-a-bitcoin-enthusiast-but-this-single-factor-could-change-his-mind/Am sure that using Bitcoin as a means for tax payment is one of the milestones to be achieved in due time as it keep soaring high, to me I have no doubt about that, while talking about Bitcoin being an international well recognized currency is still on the verge, and am sure the analysts in crypto world were on relentless effort daily to ensure the attainment of new edge each day toward the globalization of Bitcoin operational use.
To me I will advise Mark Mobius to consult for a Bitcoin specialist who has the comprehensible knowledge of taught in btc to enlighten hidden path to exposure, we can make good and interesting references of interesting past records of Bitcoin investors, their targets, achievements, and procedural challenge along their way.
The El Salvador president clearly said that the Money transmitters and the Banks are making too much money on international transfers. A lot of their citizens are working in other countries and the fees that these Banks and Money transmitters are charging them to send money home.. is absolutely ridiculous. 
