Market gurus Mobius, Faber bet big on Indian equities-worldfree4u.site

Market gurus Mobius, Faber bet big on Indian equities-worldfree4u.site

Market gurus Mobius, Faber bet big on Indian equities-worldfree4u.site

2 min read. Updated: 18 March 2021 11:41 PM IST

Nasrin Sultana

Mobius warned against selling cryptocurrencies; Faber said Asian stocks are in a favorable position

As markets around the world bounced off covid lows, driven largely by liquidity flow, global markets veteran Mark Mobius warned investors. According to Mobius, founder of Mobius Capital, the phenomenal growth of cryptocurrency trading and the stock markets are intertwined, and any sell-off of a new asset could lead to a stock crash.

“There were a lot of people who got richer thanks to their investments in cryptocurrency. It may not be real money. However, as long as the cryptocurrency market grows, stock markets will continue to rise, and if it starts to fall, stock markets will crash, ”Mobius said in a conversation by the fireplace at an event hosted by the mutual fund UTI.

Mobius said that the fall in cryptocurrency will affect not only technology stocks, but the entire stock market. He found the growth in cryptocurrency trading surprising. “However, many billionaires have done it,” he said.

Market gurus Mobius, Faber bet big on Indian equities-worldfree4u.site