Unlike Dorsey, who has said he is purchasing $10,000 a week, Faber hasn't revealed how much he has purchased - could be anything from a hundred dollars to a million dollars. It would be interesting to know, but I doubt he'll reveal it.
More importantly than him buying it himself, according to
this article, he has suggested to his followers that they should buy bitcoin with an amount of fiat they can afford to lose. He has quite a large following of his monthly "Gloom, Boom and Doom" newsletter, so his sensible advice will reach many new potentially users.
$10k a week! I thought I recall him saying the only Bitcoin he ever had was the one sent to him for fun, I guess I just haven't caught up with the times these days. I'm not sure how I'll ever feel about all these guys. Splashing cash around like that:P Good for us I guess, but way, way better for them.
Least he's all about Lightning now, maybe I should be more grateful huh.
Faber's advice is what anyone should be doing with any investment, anyway. Because even at this stage, we could still lose it. Tiny, tiny, possibility, but present nevertheless.