admin@moneyyes.info      +

73-Year-Old Investor Marc Faber Makes First Ever BTC Purchase

73-Year-Old Investor Marc Faber Makes First Ever BTC Purchase
By: news.bitcoin.com Posted On: March 13, 2019 View: 4

73-Year-Old Investor Marc Faber Makes First Ever BTC Purchase

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.

Also Read: Up & Down: Large Volume for Today’s Gainers, ENJ and COSM Among Losers

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.

73-Year-Old Investor Marc Faber Makes First Ever BTC Purchase

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.

73-Year-Old Investor Marc Faber Makes First Ever BTC Purchase

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.

Tags in this story
73, Bitcoin, BTC, Ever, Faber, first, Investor, Marc, market, N-Featured, Old, purchase, Stock, Year
Samuel Haig

Samuel Haig is a journalist who has been completely obsessed with bitcoin and cryptocurrency since 2012. Samuel lives in Tasmania, Australia, where he attended the University of Tasmania and majored in Political Science, and Journalism, Media & Communications. Samuel has written about the dialectics of decentralization, and is also a musician and kangaroo riding enthusiast.

Let's block ads! (Why?)

Read this on news.bitcoin.com Ad1
  Contact
 Payment systems online

67/2

Tel : +
Mail : admin@moneyyes.info
Business Hours : 24

  Follow Us
Site Map
Show site map
  About

There are plenty of online payment systems out there that you can use to conduct e-commerce activities. Top online payment systems for accepting payments on the Web.