US stocks have plummeted into a bear market as the Federal Reserve increases borrowing costs to tame the highest rates of consumer price inflation in 40 years. With the Nasdaq Composite falling nearly 30% and the S&P 500 plunging more than 20%, market watchers have been on the lookout for signs the sell-off has run its course.
But if bitcoin investors “are still talking about buying on dips, that means there is a feeling of hope,” Mobius said. “That also means that we have not reached the bottom of a bear market.”
