Faber : Bitcoin has lot of Merits

I think Bitcoin or something similar has a lot of merits…I’m not sure in the future if it will be possible to carry gold from Point A to Point B, or even to transfer money from Point A to Point B. Bitcoin will have value as long as there are exchanges and as long as people will accept it.


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Marc Faber: Unbanked Developing World Not Ready for Bitcoin

Marc Faber in the latest Squawkonomics interview talks about Bitcoin IPOs in Developing Countries, and Developing Countries Usage of Bitcoin. Marc also talks about Buying Houses with Gold in Vietnam. Keith Hilden of the Squawkonomics team also talks about his on the ground experience during the Vietnam bank runs of 2012. FABER SQUAWK: "If someone tells me, Oh, in Cambodia or in India, only 10% of people have a bank account, then I would assume these people are not capable to transact in an encrypted currency"




Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Marc Faber : I like the concept of Bitcoin

Marc Faber told Bloomberg in an interview that he will “never sell his gold” and that “I buy more every month.”“The momentum sell-off has caused internal market damage” and “svery asset in the world is over-inflated right now…” Faber warns.“If one analyzes the data carefully” it is clear that “China is growing at most 4%.” Given the“gigantic credit bubble” the outlook is not hopeful as the sharp deceleration in growth is likely to continue. Faber also has strong words for Western nations treatment of the rest of the world and “the US will have to back off.. because China is so important.”“I like the concept of Bitcoin”...  “Bitcoin has its merits since you may not be able to carry gold across borders,” Faber said.“People think they know what the future holds… and what Central banks are up to.. they don’t… I will never sell my gold and I buy more every month… I would not be short gold,” Faber said.




Marc Faber, managing director and founder of Marc Faber Ltd., and Ian Bremmer, president of Eurasia Group, discuss the state of the Chinese economy and the outlook for the U.S. stock market with Trish Regan on Bloomberg Television

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Marc Faber : I like the concept of Bitcoin

“If one analyzes the data carefully” it is clear that “China is growing at most 4%.” Given the“gigantic credit bubble” the outlook is not hopeful as the sharp deceleration in growth is likely to continue. Faber also has strong words for Western nations treatment of the rest of the world and “the US will have to back off.. because China is so important.”
“I like the concept of Bitcoin”...  “Bitcoin has its merits since you may not be able to carry gold across borders,” Faber said.
“People think they know what the future holds… and what Central banks are up to.. they don’t… I will never sell my gold and I buy more every month… I would not be short gold,” Faber said. - in Fxstreet.com

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Bitcoin totally dependent on Electricity and the Internet

I don’t know the value of a bitcoin. I own gold because when the system breaks down, I want to have some cash. With a bitcoin, there is a scenario where the system breaks down and you have no internet access and then what is the value of your bitcoin?



Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Marc Faber : Bitcoin could be Worthless if The System Crashes

“I don’t know the value of a bitcoin. I own gold because when the system breaks down, I want to have some cash,” stated Faber. “With a bitcoin, there is a scenario where the system breaks down and you have no internet access and then what is the value of your bitcoin?”




Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Marc Faber Prefers Physical Gold & Silver to Bitcoin

Marc Faber told Bloomberg TV in an interview that, "I prefer physical gold and silver, platinum to bitcoin. How do you value a bitcoin? I can value gold to some extent and compare say gold to the quantity of money that is floating around the world, to the wealth increase, and to the monetary base increase, to the credit increase, and so forth and so on, and to the production costs. So I have an idea of where gold should be.”

- in Bloomberg TV : Click here to watch the full interview >>> 

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Bitcoin vs. Farmland

 "Farmland is up 10 times over the last 10 years," Faber said. "And bitcoins are up now and who knows what next will go up."

Faber said on Squawk Box yesterday Click here to watch the full interview >>>>>>

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber

Bitcoin : I have no idea whether it is worth $10,000, a million dollars, or $50

"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 >>>>>>

Marc Faber

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Faber : Bitcoin surge due to Excess Liquidity

Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, told CNBC on Friday that the same easy money policies affecting stock and bond prices drive speculative on the controversial digital currency bitcoin, which crossed the $1,200 briefly Friday morning.
"If a symptom of excess liquidity goes into bitcoins, it can go into paintings, farmland, diamonds, all at different times," Faber said on "Squawk Box.""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."


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.