Seasoned investor Mark Mobius has changed his tune on gold. Following its spectacular rally in recent times, he's flagging that the precious metal no longer presents compelling opportunities for investors.

Mobius's comment reflects a broader sentiment shift—after gold's historic run-up, valuations have tightened significantly. Many market participants are now reassessing whether the current price levels justify fresh positions or if it's time to take profits.

For crypto investors, this macro perspective matters. As traditional assets like gold compete for capital in the investment landscape, understanding how veteran players are positioning themselves can provide useful context for broader market movements. When safe-haven assets become less attractive, capital flows often get redirected—and crypto sometimes benefits from that reallocation.