Mohamed El-Erian Is (Sort of) Buying the Dip-5.73

CoinDesk’s Consensus: Invest conference was off to an understandably subdued start this morning amid the continued slide in crypto prices; registration lines were short and many chairs were empty. But, in front of an audience of investment advisors, investment fund managers, and venture capitalists, Mohamed El-Erian, former CEO of the investment giant PIMCO, revealed that he’s cautiously testing the waters of the cratering market.

El-Erian nearly doubled assets managed by PIMCO in his seven-odd years at the helm, leaving him no more than one rung below the likes of Warren Buffet, George Soros, and Peter Lynch in the investment-guru pantheon. And he’s talking about the current crypto rout as a potential buying opportunity.

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