Mark Mobius, founder of Mobius Capital Partners, says bitcoin continues its downward trend. which will reach the level of 10,000 dollars
In addition, Mr. Mobius said He will not take his own money. Or customer’s money to invest in digital assets because there is too much risk
Bitcoin used to surpass $69,000 in November 2021. which is the highest level in history before sinking below $20,000 in June 2022. amid concerns that The US Federal Reserve (Fed) accelerating interest rate hikes and reducing the size of its balance sheet will drag down liquidity in the market. and make the United States face a recession
BlockFi declared bankruptcy on Monday (Nov. 28), as the company filed for Chapter 11 bankruptcy protection in New Jersey.
BlockFi, which has a market capitalization of $4.8 billion, said it has more than 100,000 creditors and $1 billion to $10 billion in liabilities and assets.
BlockFi, which offers cryptocurrency depository services and has its own trading board It is one of many companies affected by the collapse of FTX, the world’s No. 2 cryptocurrency trading platform.
Previously, BlockFi announced the suspension of customer withdrawals. It acknowledged that the business was hit hard by FTX’s bankruptcy.
FTX filed for bankruptcy on Nov. 11 with more than 1,000,000 creditors, while regarding 130 of its affiliates filed for bankruptcy. These include Alameda Research and FTX.us.
FTX became a bankrupt company in just a few days. from the original assets of more than 30 billion dollars Amid liquidity crises as clients flock to withdraw funds as Binance pulls out of deal
