Crypto Cynic Marc Faber Buys Bitcoin (BTC), But Why?

While the downturn in the cryptocurrency market has deterred retail investors across the board, it may have set the stage for institutional players, high net-worth individuals, and influential players in the world of finance to make an entree. In a recent interview with Cash, Marc Faber, who much like Nouriel Roubini is also known as Dr. Doom, revealed that he bought his first Bitcoin (BTC).

For those who missed the memo, Faber, best known for his “Gloom, Boom, Doom” finance newsletter and his standing as an investor, has long bashed digital assets. Like many others embroiled in the traditional world of finance, the Swiss investor likely isn’t all too convinced with digital money that isn’t within the bounds of a traditional asset.

Original source
https://ethereumworldnews.com/crypto-cynic-marc-faber-bitcoin/

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