“Billionaire investor Howard Marks says cryptocurrencies ‘aren’t real'” – Business Insider | $2533.79

Howard Marks, billionaire investor and founder of Oaktree Capital Management is adamant about his stance on cryptocurrencies like bitcoin, Ether and others: “They’re not real.”

“Some people are eager to speculate on digital currency for profit,” he writes. “Others want to put a little money into these to-date-profitable phenomena rather than run the risk of missing out. But they’re not real!”

Eulogy made by: Howard Marks


Ofir Beigel

Owner at 99 Coins ltd.
Blogger and owner of 99Bitcoins. I've been dealing with Bitcoin since the beginning of 2013 and it taught me a lesson in finance that I couldn't get anywhere else on the planet. I'm not a techie, I don't understand "Hashes" and "Protocols", I designed this website with people like myself in mind. My expertise is online marketing and I've dedicated a large portion of 99Bitcoins to Bitcoin marketing.

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1 Comment on "“Billionaire investor Howard Marks says cryptocurrencies ‘aren’t real'” – Business Insider | $2533.79"

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John Harris
John Harris

This is another example of an uninformed outsider making uninformed statements. It’s painfully obvious that he has little knowledge about the utility of bitcoin and it’s underlying technology, the blockchain.

To state that bitcoin has no use cases other than speculation is absolutely ridiculous. Either Marks is too lazy to do even a modicum of research, or he is so embarrassed that he’s missed this incredible opportunity that he feels a need to publicly poo poo what is proving to be one of the greatest opportunities for financial gain in a generation.