Crypto marc faber Warren Buffett 

Dr. Doom Buys First BTC, Is Warren Buffett next?

Famed Swiss investor, analyst and, until recently, crypto skeptic Marc Faber, 73, has bought his first bitcoin in another sign the old guard of investments is warming to crypto. Speaking to German finance website Cash, Faber revealed he recently bought bitcoin for the first time to learn more about cryptocurrencies and following some persistent and high-profile badgering. Gloom, Boom and Doom His normally pessimistic market outlook earned him the nickname “Dr. Doom.” Faber, with a net worth reportedly around $25 billion, famously predicted the crash of 1987. He pens the…

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Bitcoin Price News Bloomberg dotcom bubble Matt Winkler Warren Buffett 

“Investors Carried Out Mental Gymnastics to Justify Bitcoin Prices”

Matt Winkler Bloomberg co-founder and former Editor-in-Chief, Matt Winkler has likened speculation-driven bitcoin price movements to the dotcom boom of the mid to late 1990s, comparing the excuses given by investors for irrational market optimism at that time to the reasons given by modern day cryptocurrency speculators. Speaking to Emily Chang on Bloomberg Technology, Winkler explained that cryptocurrency investors have attempted to use non-traditional methods to ascertain and justify optimistic valuations for digital assets, which according to him is actually nothing new. Bitcoin Market Compared With Dotcom Crash Referring to a valuation…

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