Fintech

Mobius warns ‘crypto could really blow up’: central banks should pay attention

Mark Mobius said higher rates of interest offered by crypto exchanges compared to banks were 'forcing people to gamble'

Veteran emerging markets manager fears cryptos could collapse
Veteran emerging markets manager fears cryptos could collapse Photo: Getty Images

Mark Mobius, the veteran emerging markets investor, warned of a potential cryptocurrency collapse that would be felt across global stock markets.

“Cryptocurrency is something that could really blow up. If bitcoin crashes, it will probably affect stock markets across the world, although temporarily,” Mobius, one of the world's most renowned investors, told Financial News.

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