Marc Faber, publisher of the Gloom, Boom & Doom Report, appeared on Bloomberg Television’s “Street Smart” today to discuss the impact of Fed policy on the global economy and his predictions for 2014.
Faber told Trish Regan and Adam Johnson that “we are in a gigantic financial asset bubble.” He also spoke about Bitcoin, saying, “I prefer physical gold and silver, platinum to bitcoin. Bitcoin can have a lot of competition. Gold, silver, platinum — they have no competition. How do you value a bitcoin?… How do you value Netflix? Is it overpriced or underpriced? Is Tesla overpriced, underpriced?”