"The godfather of emerging markets" Makpusi: cryptocurrency is not an investment

Legendary investor Mark Möbius, known as the "godfather of emerging markets," according to a statement from Golden Financial, told CNBC on Wednesday that cryptocurrencies are more trustworthy than investments, and according to the market value of bitcoin and ethereum near their historic highs, it's a digital currency, engaged with skeptics. "It's not an investment, it's a belief. People shouldn't treat cryptocurrencies like investments. It's the path of speculation and fun. Then we have to get back to the market." Anyone who criticizes cryptocurrency. JP Morgan Chase CEO Jamie Dimon also recently publicly criticized Bitcoin as "worthless" and "gold for idiots." Meanwhile, billionaire investor Paul Tudor-Jones believes cryptocurrencies have a place and said last month that cryptocurrencies are more resistant to inflation than gold.