Crypto Cynic Marc Faber Buys Bitcoin, But Why?

Gloom, Boom, Doom” Author Downs The Bitcoin Red Pill

While the downturn in the cryptocurrency market has deterred retail investors across the board, it may have set the stage for institutional players, high net-worth individuals, and influential players in the world of finance to make an entree. In a recent interview with Cash, Marc Faber, who much like Nouriel Roubini is also known as Dr. Doom, revealed that he bought his first Bitcoin (BTC).

For those who missed the memo, Faber,...

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