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Author Topic: [2019-03-14] Famous Swiss Investor Marc Faber Finally Buys Bitcoin  (Read 176 times)
magneto
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March 19, 2019, 10:03:08 AM
Merited by tyz (1)
 #21

I feel like that open minded, smart institutional/large scale investors are all currently looking at this bear market as an accumulation period.

That's in stark contrast with what the mainstream media is trying to feed the public with constant fear and uncertainty about bitcoin, and obviously, the regular "bitcoin has failed" and "bitcoin is dead" articles. That's happening while firms like JPMorgan, and high profile investors like Jack Dorsey and this guy here are recognising the opportunity.

You may not even have to appreciate what the bitcoin network actually brings in terms of benefits to see why this investment makes sense, even in the short to medium term. There is virtually no chance that prices are going down much further than what they had already been, and we know that demand isn't slowing, and a trend reversal is likely to happen soon.

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