• The Informer Post
  • Posts
  • Stock Market Analyst and Crypto Skeptic Buys His First Bitcoin – BTC, Ethereum, XRP Price Analysis

Stock Market Analyst and Crypto Skeptic Buys His First Bitcoin – BTC, Ethereum, XRP Price Analysis

March 12, 2019

A Swiss investor who predicted the 1987 stock market crash and the Great Recession just bought his first Bitcoin. Marc Faber, a former crypto skeptic, told the Swiss media outlet Cash that he now finds the price of BTC attractive after its fall from nearly $20,000. He believes Bitcoin could become an effective global currency, but warns people should only invest what they can afford to lose.

“I bought Bitcoin for the first time 10 days ago. It’s not certain, but possible, that Bitcoin will be the standard for money transfers.”

Right now, the crypto markets are mostly in the green, with Bitcoin moving sideways up 0.02% at $3,890. Ethereum is up 0.94% at $133, and XRP is down 0.72% at $0.3100 at time of publishing.

Technical analysts are trying to gauge the short-term outlook, with CoinDesk saying Bitcoin may be poised to rise above $4,200 in the near future.

Bitcoin

Ethereum

Live Bitcoin News – ETH primed for additional losses

XRP

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.