Bitcoin is ‘Not an Investment … It’s a Trade,’ Says Billionaire Howard Marks72.21

Howard Marks, co-founder and co-chairman of Los Angeles-based distressed debt investor Oaktree Capital Management, slammed Bitcoin for not having any substance — while saying investors are merely speculating on its price without being able to judge its intrinsic value.

Marks took part in CNBC’s eighth annual conference for institutional investors – Delivering Alpha — which was held in New York, where he expressed his rather negative sentiment towards the first and foremost cryptocurrency.

Original source
https://bitcoinist.com/billionaire-howard-marks-bashes-bitcoin-investors-greater-fool-theory/

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