© Reuters
By Laura Sanchez
Investing.com – The cryptocurrency industry is going through one of its worst times. The is down 18% since the beginning of May and is down more than 50% from its all-time high of $69,000.
Although the sector seems to be rebounding on Tuesday, many analysts believe that the crash of (LUNA) seems to have marked a before and after in this industry.
In fact, some feel that this scenario can be seen as a black swan and others point to the possibility that this is a good time to buy fall.
Mark Mobius, the famous American fund manager who is very critical of bitcoin, has warned cryptocurrency investors not to buy the plummeting bitcoin, saying the centerpiece will tumble further to $10,000 within months. ahead before slowly ascending.
“It won’t work this time around until bitcoin hits $20,000, from where there might be a bounce, but then the next target will be $10,000,” the strategist warns, in an interview with FinancialNews.
This is not the first time that Mobius has criticized bitcoin and cryptocurrencies in general.