Thursday, June 12, 2014
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.