Topic: Mark Mobius Prediction Bitcoin could hit $10k at 2023 (Read 423 times)

Everyone can make their own speculations but we never think this could be in real and usually, it went wrong. I foresee that 2023 is not bad as it was today but rather see the market shows some pumps as we are about to prepare for the next halving. Thus, the price of Bitcoin reaching $10k is out of my radar, I predict this will reach $30k.
I'm very optimistic about next year as we are done and tested by these FUDs already this year. I think it was enough for the bear season, people had suffered so much and next year will be the time to reward holders.

I'm not too worried about the analysis of other people, even if that person is an expert in analyzing crypto market movements. I trust what I will see from the market and analyze it according to myself because, in that way, it can help me to improve my ability to analyze the market.

If he says that the bitcoin price can fall to $10k, it will be a big opportunity for us because we can buy a lot of bitcoins at that price. Besides, it's just a prediction from people and we need to know their aim in spreading the news because it could trigger concern from small investors. But for big investors, it would be exhilarating because it is a good time to buy lots of bitcoins again.

Yes! Or actually it does matter, but in a positive way. I am definitely accumulating but right now put in $100 and you get over 5 mbtc. If price really goes down to $10k, the same amount gives me double.

And if price really goes even worse as I'm reading, wow, I'll be happy as my DCA will be cut short in like half the time. Paying off even more. Happiness waits for those who ignore the FUD.

Nothing matters. Keep DCA going. It always pays off to invest long-term.
In markets, liquidity is key, and when there are no sellers, the bottom is reached. In the event everyone stops paying attention, the big boys are able to accumulate at a discount to determine the bottom price. It is possible for the bottom to go deeper, but this is extremely good news for investors.

Well, just as last year there seemed to be a competition to see who could give the highest prediction, now the competition is reversed.

Up to $0.5M predicted the peak supercycle theory for Bitcoin this cycle.

That said, $10k in 2023 doesn't seem far-fetched. It's a likely scenario, but I think that while people are still predicting downside, the price is going to turn around at some point and start going up, now that pretty much all the leverage that was there has evaporated.

The question is, is this prediction a good thing or a bad thing for crypto investors? Coz predictions like this coming from well known personalities in economic industry usually have 2 goals ; 1, to scare away the weakhands and force them to withdraw for Bitcoin to even dip further, and when the first goal is achieved, they will make a massive purchase to bring back Bitcoin's price and create a FOMO that will eventually pull Bitcoin's price in an upward momentum.
They are just trying to manipulate the market sentiments.

These people coming out with price predictions at the bottom are basically useless. That prediction would have been a lot more valuable as we were hitting new highs, like when I was saying it… Now is the time to be predicting the next peak, not pretending to have some magic prediction abilities being Mr Obvious. Make no mistake about it, now is the time to be a buyer, not a seller. Resist those trying to part you from your coins.

I do not know him but it's likely that the effect of the FTX issue has been maximized already by the market and we probably have seen the lowest that it can.

Not saying that $10k won't happen, there's a slight chance that it may. So what if it happens? Are people going to follow what we're saying to buy the dip or they would just watch the market again to recover?

While on the other predictions side, there's the bullish prediction for 2023, take it from Tim Draper. 

Bitcoin is already down over 50% from its ATH, and worried are those who bought it at the price above current levels. If that guy thinks BTC will be going under $10k, he must have evaluated something that we didn't. Anyways, markets are bearish and BTC is only faking it out when it shows some signs of bullishness because whenever it breaks out above $17k, it just takes the liquidity and gets back under $17k. Until we see a strong breakout above $22500 and it holds above that range, I still see BTC in danger and it'll bring some more FUD as the FTX shit is yet to get settled.

Most likely $10k might be the final capitulation for us?

What if we really hit $10k in 2023? it's a big psychological number, we all know that traders like whole numbers and support like this one, so I think if we hit this numbers then problem we hit the bottom but the reaction could be huge as we will have a bounce the soonest.

And I speculate that if we are going to hit this price, this could be near the start of the bitcoin halving. As we all know that this is the final catalyst for the start of a bull run.

Talking about predictions that result in truth or falsity in those predictions really depends on who is talking about those predictions. If we make predictions about Bitcoin, of course there will be many wrong predictions compared to the truth of the predictions.
Mark Mobius predicts about Bitcoin, of course, will produce correct predictions because he is also part of the players in the crypto market. So the level of truth of the prediction is much higher than the failure of the prediction.

There are too many people guessing that they would hit it big, but the reality is that these so called experts are not really experts on the subject. They usually do not even realize that we are talking about something volatile and unexpected, which means that you are not going to really get anything out of this.

It would be a lot smarter if you just picked what you know, and that way it would be a lot better to talk about that, but these people just like to talk about whatever is trending at that moment to get more attention. What you need to learn about these big name people (and this guy is not even that) is the fact that they need to get attention or they will be gone.

After reading his discussion on bitcoin news and giving a thought, I think he is sort of right with his arguments.
"Crypto is here to stay as there are several investors who still have faith in it" is prime example of his familiarity with Bitcoin.

There is one more idea from him, in 2021:
https://news.bitcoin.com/mobius-capital-founder-crypto-is-not-an-investment-means-to-speculate-have-fun/
-Mark Mobius says that cryptocurrency is not an investment, calling it “a means to speculate and have fun.”
This is not exactly true considering nearly all good cryptocurrencies are tied to great businesses right now - but considering altcoin jungle its all speculation.

I feel like Bitcoin is truly investment option tho. Doesn't matter if its prices go below 10k or 5k even. I will never stop investing in Bitcoins!

This prediction can be correct if the December price cannot touch $20k, many investors will panic so they choose to cut losses, now we will see if December will rise or stay in the range of $16k, but if this prediction is correct then prepare big money to buy, because I'm sure the price will rise again soon.

I see Mark Mobius is a founder of Mobius capital partners (so he is no different from another financial fund manager). everyone is free to speculate on the price of bitcoin every year but speculation without data is a hoax. if you believe his words, then just prepare your money to buy bitcoin when the price is $ 10k, but if you don't believe his words even a little, then keep holding the bitcoins that you have.

Even though he's an expert, we don't need to worry, let alone panic and it's better to choose to prepare everything before it's too late to realize. And if it is true that the price of bitcoin will fall next year, we should be able to buy it at the lowest price because, who knows, once it reaches that lowest price, the price will immediately reverse direction. But we may have difficulty knowing the lowest price because the price can move wildly. And only by being prepared is all we can do.

The crash of FTX is not over yet and things have only just begun, they are not officially bankrupt yet and the companies involved have not been fully disclosed. FTX is in the process of filing for bankruptcy and they have time to negotiate with customers and partners. Gemini is the name involved in the FTX crash and may go bankrupt if it fails to borrow $1 billion, which will negatively impact the market. But information about it is still not much and people don't care because the bomb hasn't exploded.

Myself too doesn't know him. Based on the discussion it looks like he's an expert in predicting the market. As mentioned the chances of price reaching $10k is high, based on the halving scheduled for the year 2024. With the same in mind it is good to stay positive amidst the regulation and other issues arise relative to cryptocurrency.

I know of him for many years, he is quite senior now experienced in emerging markets and commodities I think.   I dont see why he should have a special opinion on BTC or has any personal involvement that I have heard of.   So he is likely making the same type of call others would in very general finance related trends around dollar flows, just like calling Euro strength or any country rising or falling.
   I wouldnt dismiss him exactly, his opinion comes from the mainstream and he is correct in saying FTX casts a long shadow in terms of market confidence.  It is true but also thats a private company not BTC itself, someone in crypto screwed up badly is not a new headline its a wild west still so yea be careful do not ever place everything in one place and consider it a safe bet.   Thats also true of some of the worlds largest banks, so the context for BTC to continue to progress and be required is still there and yet 10k can happen sure but its more of a buy then a fear I rate personally.

If what he said comes true, I will be happy to wait for it because it is a golden opportunity to buy more bitcoins. I don't know him but I will take part by buying bitcoin again. The potential for bitcoin to go higher is huge in the future. So we can buy bitcoin at a lower price than now, that is our advantage and we can see how its value will grow in the future. We should not panic if the price drops to $10k so people don't sell their bitcoins but use them to increase their bitcoins.

He's so popular I never heard of him, and might not even remember him the next time his name drops randomly here. Haven't we already gotten bored of these CNN CNBC pseudo-finance-crypto experts by now?

Calling a 10k bottom when we've seen Bitcoin struggle to keep hold of $17k isn't exactly analyses that won't be found elsewhere. It's Bitcoin. Dropping from current levels to 10k is not even a 50% drop, something Bitcoin's fully capable of.

The clever expert would instead be asking how low more can it go if it does breach 10k? It's psychological. Do we see a massive bounce? Or does that cause final capitulation?

I can't remember ever hearing about that man since I've been on the forum, but even if I had I wouldn't get too excited about his opinion - because in a bear market all the so-called experts amplify their pessimism to the max. Even if it happens that the price reaches $10k at some point, it is not a tragedy for those who understand that with time the whole market will recover, and Bitcoin will not be an exception.

The year 2023 might be quite challenging, but as the halving approaches, there will be more and more optimistic people who will once again want to take advantage of the opportunity to profit. Then everyone will compete in their speculations for the next bull run, and this character will also turn from a great pessimist to a great optimist.

Now the case with FTX has occurred and has also been completed, although everyone is still traumatized and continues to remember it. And the same case has not happened on other exchanges, so you don't need to worry or be afraid of what influencers say to make investors panic.

Because influencers also have their own goals in saying this and if you are still being overshadowed by the FTX case until now, then better not buy anything at this point and keep your money safe in your wallet. Because by doing so you can keep your assets very safe and can eliminate the feeling of worry that arises from your own mind.

I don't know this man, and it doesn't matter what his purpose is, is he speculating as an investor or getting paid to do it? But I agree with his prediction, I still believe we haven't bottomed in this bear season. Not only do I predict the bear market is still ongoing, but I also hope that bitcoin could fall even more. The bitcoin price drop is not a bad thing, why are people afraid of it happening?

If you invest in bitcoins and store them in a non-custodial wallet, there is nothing to fear when the exchange crashes or the market crashes and the falling bitcoin price is an opportunity for us to buy more bitcoins.

After the case of FTX and many influencers says that the FTX case can occur in many exchanges, it makes investors panic, if there are more large cases such as FTX, it is natural that the price of Bitcoin will continue to drop even under $ 10K, for the short term there will certainly be panic , but slowly after the case is finished, the price will skyrocket again.

While I would never say I know every single important figure in this market I do not remember him, but after looking for his name I can see that he is in fact a prominent figure in the fiat economy and has written several books about investing.

However even if the market went down and reached 10k, does this change at all your approach to this market? Because it does not really makes too much of a difference to me, if I could hold my coins when bitcoin crashed at the beginning of 2018 then I can hold my coins if the price crashed that hard next year, so at least to me even if such prediction came true not much will change.

We all don't know about this man but one thing this is for sure, and that is this man want's to be on the spotlight by sharing his own prediction. As long as btc still has its own value then we don't lose anything. Not those who invest in btc can wait for 2024 because that is a long year but there are great benefits if one can hodl that long.

This marks guy is bearish about btc so you might be right that once btc dips to that amount, he will call another lower amount again and so on, if ever btc didn't stop dipping but I bet there's only a less chance that his predictions will occur. $10k seems to be a low value already and if it's possible then it should have happened by now, now that the situation is much worse.

I do not know the man that made the prediction, but I believe the man that bitcoin can get to 10,000 dollars . Before now I was not in support of Bitcoin going lower than what we are seeing but recently I looked at the Bitcoin chart from the yearly time frame I saw that bitcoin is not heading to anywhere close to bull. We will experience more bearish trend, although I am not an expert but that is what my little knowledge about the chart told me.

I have read where you said that the Bitcoin window is opened between $15k to $75k or 100k. This means Bitcoin may not go below $15k. Without writing long episode, are you still standing by this speculation?

He is a legendary investor, but that doesn't mean all his predictions will come true. He is just like us, just making our predictions and hoping they will become a reality, no one has a crystal ball to know exactly what bitcoin will look like tomorrow.
Be careful when following news like this, maybe someone wants our bitcoins, they are trying to scare us and sell our bitcoins at a low price. Please do your own research, and never take any advice from the media, it's a great market manipulation tool by the sharks.

Regardless of who this man is, $10k is still very possible the way the market is going right now. I mean the negative sentiments because of the Luna and recently the FTX debacle is still here and might stay a bit. We've seen how it negatively affected the price, setting another lower lows at $15,500.

So just imagine if another big name in crypto suddenly collapses that could put somewhat saturated with negative signals and sentiments, the result is another meltdown pulling the price to final capitulation in the range of $10k.

Well some pretty big names make predictions... None have been right in my eyes.

If I thought he was right I would sell and buy back in, screw this hodl crap. I'd prolly sell half and watch. That's a big difference in the end game over just hodl.

Or a good opportunity to blend down.

I want it to crash more and flush out the leverages.

In fact Bitcoin halvings usually happen every four years.  If we calculate that, we can get Bitcoin halving 4 in March 2024. If we buy and hold bitcoins at the current rate of bitcoin market price we can get big profits in the near future especially the fourth halving. The prerequisite for investing in bitcoins is to buy bitcoins when the market price falls and sell bitcoins when the market price rises.

No person could predict bitcoin correctly, whoever he is (sorry not familiar), I think he has a point because we are already in the bearish mode. But the question is, do we have to panic? No, because we've seen bitcoin dump many times and it always recovers and make a new ATH.

Always remember this """""""  Bitcoin has died 467 times"""""" if you are losing faith on bitcoin.

I thought we'd moved on from bitcoin predictions. People predict this and that, but nothing happens or anything close to that happens. Using the FTX crash as a reason why bitcoin may fall below $10,000 cannot be overemphasised or debated because such events have an impact on the market. The general public and bitcoin enthusiasts can always predict, but their predictions should not be overly relied on because they do not always come true.

Never heard of him before and I don't really care about his speculations since they are baseless and are simply dependent on the recent FTX events. The beauty of BTC and many other cryptocurrencies is that they don't always follow certain patterns.

This volatility factor makes them unpredictable at any point of time basically.

This is just a forecast, even if we take into account the influence and significance of such a figure as Mark Mobius. Very similar to the weather forecast, which, as you know, has very large errors in accuracy. The same is true here. Too many factors can affect the price of btc, both up and down, which is almost impossible to predict. I am inclined to believe that the bearish trend will continue for a long time, and therefore, a fall in the value of bitcoin is quite possible and Mark Mobius's forecast is possible too. But I wouldn't say for sure. Even if this happens, then with a change to a bullish trend, BTC will still compensate for the loss in value, recover and show new highs.

I am happy when I hear such statements, as they are an indication of the end of the bear market.
We will not reach those levels under normal circumstances, perhaps if there is a problem with Binance, Coinbase, or regulatory restrictions, it may happen, but in the normal situation we are far from that.

The next two weeks will be a confirmation of the trend either below 16k or above 17k due to the outcome of the next Federal Reserve meeting and whether the pace of raising interest rates will be fixed or will it continue to increase.

OP, it would be fair for you to include a link to where you got this information from in your post. I see that you told it in your own words; however, when referring to someone else's opinion, to prove other people's words, there should always be a link.
But as far as predictions go, I don't know a single person who possesses a crystal ball. Whether an event has come true or not, it gives no reason to have confidence in the forecasts of any person, even if he is an experienced investor. I know many stories when experienced people changed their estimates over time.

What are the unexpected situations with bitcoin and the expected ones missed out? without any form of alterations bitcoin on itself is volatile, the price is not fixed, it changes at any time and this change is both high and low, the demand on the market determines which side prevail over it's price.


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.
[/quote]

Try do your own research, Mark Mobius has done his own research to an extent, try make some speculations and study the possibilities to this outcome of bitcoin price we all have anticipated for, it may go down or up with time but this year already has it all on dip but may not be that low upto $10k.

When mass media calls for 1 mln$ BTC ... sell immediately.

When mass media spam FUD and low price predictions ... start buying.

Its never been easier to invest long term. Just use mass media as counter indicator. The fact 6 websites repost random guy bearish predition makes me super bullish.

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.
source