Bitcoin isn't real and Millenials are to blame for its value rise: Howard Marks

in #bitcoin7 years ago (edited)

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http://www.marketwatch.com/story/howard-marks-says-bitcoin-isnt-realand-we-can-all-blame-millennials-for-its-rise-2017-07-27

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I remain bullish based on real fundamentals.

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Howard Marks called BTC a pyramid scheme. My hunch is that this dinosaur was trying to drive the price down so he could eventually buy in. If Marks knew his arse from his elbow he would know that you can only take your money out of a pyramid scheme when you reach the top. BTC you can sell any time like a commodity.

How this guy made £2 billion is beyond me.

Great points, and I have exactly the same hunch. Otherwise he's just making his incorrect views famous.