Bitcoin has converted yet another critic. World-famous investor and emerging markets guru Mark Mobius once called bitcoin a fraud. But in an interview yesterday with Bloomberg he appeared to change his mind, saying it was “alive and well.”
The 81-year-old investor, founder of Mobius Capital Partners, struck a harsh tone on cryptocurrencies last year, slamming the cryptocurrency as a fraud. He shrugged off the growing interest in cryptocurrency and likened the movement to a religion. In the 2017 interview below with Reuters, he said bitcoin was only useful for “illicit activites” and that China was right to clamp down on cryptocurrencies.