Legendary investor Marc Faber finally buys bitcoin

"BTC could become a standard"

https://bittimes.net/news/50271.html

Marc Faber (Mark Faber), known as a “legendary investor” who is an investment adviser and an analyst, has attracted attention because he bought bitcoin that was skeptical.

"Legend investor" Marc Faber, who was also known to be skeptical about virtual currencies such as Bitcoin / BTC, said in a recent interview in late February Revealed that he had purchased Bitcoin for the first time.

Although he does not recommend investing in BTC, he says that these new money could become the "standard of remittance."

It used to be known as one of the skeptics of Bitcoin (BTC) until now, but now it seems to be rethinking that idea.

Mr. Faber said, “The reason for purchasing Bitcoin” is “Virtual” while discussing with Wences Casares, founder of “Xapo,” who provides virtual currency wallets. He mentioned that he wanted to know more about the currency, and that Bitcoin, which had soared to nearly 2.2 million yen at the end of 2017, has now fallen to nearly 400,000 yen.

Furthermore, they added that young readers reading their own newsletters were strongly encouraged to buy bitcoin these days.

"Mark Faber" is a person who has been forecasted and warned of "the collapse of the New York stock market crash" and the "Japanese stock market bubble" etc., and it will actually show the same fluctuation and become famous. .

It has also been hit on the financial crisis since the beginning of the 2000s, and is known as a “legendary investor” because of its foresight.

This time, I was disappointed with Bitcoin's skepticism, but it wasn't a bullish attitude, and there are still places to see.

Although Mr. Faber has stated that he has purchased Bitcoin, he emphasizes that he does not recommend purchasing Bitcoin and says, "I am not sure about virtual currency."

But at the same time, he said, "Bitcoin could become the standard for money transfer," explaining that "If you invest in Bitcoin, you should invest only the amount you are willing to lose". You are

He says he thinks that having cash is ridiculous.

Mr. Faber recommends investing in assets outside the banking system and also reveals that he buys "gold" every month.

What Mr. Faber told is in line with the views of many other well-known investors and representatives of major companies entering into the virtual currency business.

Although many experts have recognized that virtual currency has great potential, there are also cases in which these technologies are exploited, so "national government response" and "appropriate environment creation". It is thought that "further technical development" will greatly influence future development.

There are still many people around the world who are still critical of virtual currency, but compared to before, such people also seem to be gradually changing their mindset.

Like Mark, it is very exciting to hear that people who have made solid investments have made it to the stage of purchasing bitcoins.

It is thought that it is effective as one of the confirmation methods to dig deep the history etc. of the grandmaster who has such a track record in the past.

It would be good to collect information.

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