"If
a symptom of excess liquidity goes into bitcoins, it can go into
paintings, farmland, diamonds, all at different times,"
"I
have no idea whether a bitcoin is worth $10,000, a million dollars, or
$50," Faber said.
"It shows that there is a lot of liquidity that just
flushes into one speculative sector of the market to another one." Faber said on Squawk Box yesterday Click here to watch the full interview >>>>>>
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| Marc Faber |
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
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