Topic: Mark Mobius Prediction Bitcoin could hit $10k at 2023 - page 3. (Read 424 times)

We may not be aware of Mark Mobius but his prediction has already been published in almost every leading news media and cryptocurrency related magazine and news portal channel.  Yes, it may be a fabrication of his and may be the target of his next investment.  So we have no other option at the moment except to invest in Bitcoin and hold it for the long term.

This prediction already published in several news channel/Magazines...

The coinrepublic.com

U°TODAY

news.bitcoin.com

dailyhodl.com

theprint.in

Bloomberg.com

If famous people bitocin predictions would come true bitcoin would be dead in 2012, 1 mln $ in 2018, dead in 2019, 1 mln$ in 2021 and 10k$ in 2023. None of those extreme numbers were correct so far.



Its bullish for bitcoin that scam altcoins and scam services go bust. Only proves that bitcoin is the best long term crypto investment. FTX case made people withdraw from exchanges (what is exposing those who are swimming naked - with fractional reserve system, dumping users bitcoins on users)


Super high interest rates. -4% (negative) real interest rates (adjusted for inflation). Its definetly a game changer compared to potential +500-1000% for bitcoin in next 2-5 years with limited downside becasue bitcoin already dumped 80% and is the most oversold in history (monthly RSI at ATL). For sure people are rushing for negative 4%


There are like 10 000 "famous people" that shoot and miss. The fact that 100 of them will be correct at least once is super high. It does not change them into crytal ball that will be correct next time.

Also he is an emerging markets fund manager. So he gets new clients when he is bearish when everyone else is bearish. He can't be bullish when 90% people are bearish because his clients will call him crazy and leave. 90% of people are loosing on market. He is targeting them right now to dump BTC at loss and go to him because he predicted dump below 20k and is as bearish as they are now. But they are bearish because of fear, he is bearish to get new clients.

the bottom of the market is discovered by:

buyers finding that they cannot get bitcoin below X anywhere on the planet via any acquisition cost. (public exchange, private OTC, mining)

sellers refusing to sell bitcoin below X anywhere on the planet via any exit method (public exchange, private OTC)

what many will find is out of exchanges, otc and mining. the cheapest place to acquire bitcoin anywhere on the planet is from the most efficient mining cost on the planet.

so if you can calculate the cheapest mining the most efficient mining and truly calculate all costs to mine 1btc.. you will find a bottom number that then supports all speculative prices above that number

..
some will try to say that mining is as volatile as speculating on the market.. but it is not

its actually a smooth efficient running business
the true low cost mining do not have variable costs that change by the hour/day.
they lock in employment costs on 6-12month employment contract
they lock in electric costs on 6-24 month contracts**
they use hardware for 6-36 months
they use warehouse facilities on a 1-10 year lease


meaning their costs are locked anf frozen for 6 months+

as for hashrate changes

lets say the hashrage changes from 200-280exahash per year for the network

the most efficient miners are constantly mining. they are part of the 200exa minimum that never stop mining whereby its hobby miners that jump off and on randomly t change the hashrate

yes the change of hashrate changes the size of the slice of the pie all miners get because of that hash competition. but as said by locking in costs for 6 months. efficient miners do not react to daily whimsy of change.
they just accumulate for 6months+ and then tally their total cost for 7 months vs coins earned over 6 months.

so if you can see the average hashrate of 6 months+ and calculate the overal cost for 6 months cost. you find the bottom for that period

and miners are not going to waste 6 months of earning btc just to sell at a loss.
so they become part of the group that refuse to sell below X

so while the market premium of speculation floats and waves above a bottom of X(not on public exchange amount)

the market is getting support to no sell down to X

thus the market is trying to 'price discover' and test the markets bottom.

now to the most important part.
in 2022. the most efficient method to acquire bitcoin on the planet(a method below and outside of the public market). is supporting the bitcoin price above $10k
the hashrate has to drop below 200exa to cause enough hash competition change to earn efficient miners more BTC to shift their coin:cost measure below $10k:1btc

oh and a note about one aspect earlier
** electric cost
they have not yet been hit by the electric hike in cost of 2022 yet. so their next contract period will be higher, meaning costs higher meaning wanting to maintain a HIGHER price to sell at, not lower

the only big impact to lower the bottom would be if hashrate of network decline dramatically for the AVERAGE hashrate of a 6month+ timescale

I don't know who Mobius even you showed the photo which mean unpopolar person try to predict the bitcoin price? Who is care?. 2 years ago someone also prediction bitcoin dump to below $1k, but until 2020 end nothing happens. So, don't listening what everyone say, he try to buy your investment, he try to make you affraid qnd buy in what you sell

Profile of Mark mobius:see

Bitcoin halving in 2024 is not 100% sure.  However, many believe that Bitcoin will exceed $200,000 in 2030.

If what Mark Mobius says is true i.e. if Bitcoin goes to 10k or below then I will convert all my assets to Bitcoin and I will wait until the next halving.


How true this news is I cannot say for sure.
Yes but a wise person or investor is somewhat informed about the Bitcoin market.  They should not be dismissed outright.  Some of Mark Mobius' previous comments have come true.  So the Bitcoin market can take a turn in any direction at any time.But it wouldn't be surprising if Bitcoin touches $10,000 in 2023. Because the Bitcoin market completes a certain circle .

Although we are having positive signals in the market such as related news on interest rates as well as the economic situation has improved slightly and that has sent bitcoin up slightly over the past few days but I believe we have not really bottomed in this bear season yet. We are still in crypto winter and the tragedy of FTX is not really over yet, as the parties involved in FTX have not been revealed nor have any final damages reported. I support his prediction and believe bitcoin will hit 10k during this bear season.

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.

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.
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