Monday, May 28, 2018

Marc Faber: The Crypto Craze is Very Concerning

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.