“Bitcoin goes down, the next day the Dow Jones goes down,” Says Investor Mark Mobius

Billionaire fund manager and founder of Mobius Capital – Mark Mobius – represented cryptocurrencies as a “measure of investor sentiment.” He classified bitcoin as a leading indicator that shows how the Dow Jones index will perform in the short term.

He opined that “Bitcoin goes down, the next day the Dow Jones goes down. That’s the pattern you get. That shows that bitcoin is a leading indicator.”