Mobius: Investors To Flock To Gold As Governments Crackdown On Cryptos

KITCO

An inevitable global government crackdown on cryptocurrencies will trigger a new rush to gold, said emerging markets guru Mark Mobius.

Digital currencies are bound to catch the eyes of lawmakers, largely due to their popularity among illicit segments of societies, the executive chairman at Templeton Emerging Markets Group, told Bloomberg in an interview on Monday.

“Cryptocurrencies are beginning to get out of control and it’s going to attract the attention of governments around the world,” Mobius said.

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