In our latest Squawkonomics interview, we asked Marc Faber about David Moskowitz's point he raised about how there is great interest in bringing cryptocurrencies to unbanked populations in developing countries. Countries like Cambodia only have 1 stock in its exchange, while other Southeast Asian and African countries still do not have a stock exchange. We explore the idea of a Bitcoin IPO being the first IPO in a country, thereby becoming a part of that country's history.
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&feature=youtu.beIs bitcoin really ready to serve a country like Cambodia? It would take a specialised company completely focused on the Cambodian market and offering a customised and safe experience. It would have to be something similar to Circle. Bitcoin by itself doesn't solve any problems for this unbanked segment of the population. Bitcoin it it's raw form would just introduce new problems unless it was handled very carefully by a company basically handling every aspect.