CRYPTO CRAZE IS CONCERNING | Marc Faber
Marc Faber says the U.S. Dollar's strength will not last long. "The last thing the U.S. administration wants today is to have a strong Dollar."
Right now, investors are geared towards equities and cryptocurrencies. However, Faber expects within a few years investors will turn towards gold and silver.
Faber does not have faith in most cryptocurrencies. While he says blockchain technology is here to stay, he thinks the vast majority of cryptocurrencies will fail.
Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor and fund manager. Dr. Faber publishes a widely read monthly investment newsletter, "The Gloom Boom & Doom Report," which highlights unusual investment opportunities, and is the author of several books including Tomorrow's Gold: Asia's age of discovery