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.
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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…