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New Zealand leader Jacinda Ardern spoke to parliament Tuesday and made a promise: She will never utter the name of the man accused of the mosque massacres . “He sought many things from his act of terror but one was notoriety, that is why you will never hear me mention his…
France’s prime minister announced a ban Monday on yellow vest protests along the Champs-Elysees Avenue in Paris and in two other cities following riots on Saturday that left luxury stores ransacked and charred from arson fires, the AP reports. Prime Minister Edouard Philippe said the ban will apply for an…
A horse died during a workout Thursday at Santa Anita Park, the 22nd death in less than three months at the track outside Los Angeles. The 3-year-old filly, Princess Lili B, was euthanized after breaking both front legs, NBC4 reports. The Arcadia track had just reopened Monday for training; it…
In a recent interview with Cash, renowned stock market analyst and investor Marc Faber revealed that he purchased BTC for the first time during late February. The 73-year-old noted that a conversation with the chief executive officer of Xapo, Wences Casares, sealed the deal.
73-Year-Old Marc Faber Purchases Bitcoin for First Time
During a recent interview, former cryptocurrency skeptic Marc Faber revealed that he recently purchased BTC for the first time in his life. The Swiss investor gained fame after predicting the 1987 stock market crash, and is the director of Marc Faber Ltd.
On March 8, Faber stated that he “bought bitcoin for the first time ten days ago.” Faber sought to justify his purchase by arguing that BTC “looks better” from a technical perspective after having crashed from nearly $ 20,000 at the end of 2017 to trade in the $ 3,000 range.
Faber stated that a one-hour discussion with Xapo CEO and Paypal board member Wences Casares influenced his recent decision to purchase his first BTC, as had the desire to learn more about cryptocurrency.
The investor added that the younger readers of his ‘Gloom Boom & Doom Report’ newsletter had also persistently encouraged him to buy BTC in recent years.
Bitcoin May Become ‘Standard for Money Transfers’
The septuagenarian expressed cautious optimism regarding the prospect of widespread adoption of virtual currencies. “It’s not certain, but possible, that Bitcoin will be the standard for money transfers,” Faber said.
The investor added that prospective bitcoin investors should only invest as much capital as they are prepared to lose. Faber also asserted that while “impressive,” the current stock market recovery is unlikely to last.
Do you think that Marc Faber has chosen the right time to purchase his first bitcoin? Share your thoughts in the comments section below!
Images courtesy of Shutterstock, CNBC
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post 73-Year-Old Investor Marc Faber Makes First Ever BTC Purchase appeared first on Bitcoin News.
After announcing earlier this month that it would close most of its stores and lower prices , Tesla has revealed an updated strategy of keeping its stores open and raising prices. Stores that closed around a week ago are already reopening, including outlets in Hawaii and California, Bloomberg reports. “Over the…
Federal immigration authorities say they have arrested more students enrolled at a sham Detroit-area university created by the Department of Homeland Security.
“Don’t get me wrong, I love football,” recent Dallas Cowboy David Irving said Thursday on Instagram Live. “However, I don’t love the NFL.” With that, the 25-year-old announced his retirement from the league, the Star-Telegram reports. Irving, who was indefinitely suspended last week for violating the NFL’s drug policy, put…
A sleek new American-built capsule with just a test dummy aboard docked smoothly with the International Space Station on Sunday, bringing the US a big step closer to getting back in the business of launching astronauts. The white, bullet-shaped Dragon capsule, developed by Elon Musk’s SpaceX company under contract to…
President Donald Trump told an appreciative audience of conservatives Saturday that he’ll win re-election in 2020 and by a bigger margin than his 2016 victory, the AP reports. He’s rehashing his outsider campaign that overcame long odds and a crowded field of established politicians to claim the White House over…
Authorities say R. Kelly has posted bail and will be released from a Chicago jail by early evening, the AP reports. He will be forbidden from having any contact with females younger than 18. Cook County Sheriff’s Office spokeswoman Sophia Ansari said Monday that Kelly posted his $ 100,000 bail…