In our latest Squawkonomics interview, we asked Marc Faber about Bitcoin and its uses in developing markets across the world. One of the things he said: ""If someone tells me, Oh, in Cambodia or in India, only 10% of people have a bank account, then I would assume these people are not capable to transact in an encrypted currency""

Check out the full 4 minutes where Marc Faber talks Bitcoin IPOs in Cambodia, India, and more at https://www.youtube.com/watch?v=_5YwtyDZ0jU