“Digital currencies are nothing but an unfounded fad (or perhaps even a pyramid scheme), based on a willingness to ascribe value to something that has little or none beyond what people will pay for it...nobody has been able to make sense to me of these currencies.”
Howard Marks, Investor · Bitcoin since: +3,000%
As published by Bloomberg
Howard Marks Sounds the Alarm on Tech, Cryptocurrencies and Private Equity ↗
A little perspective.
Bitcoin on that day$2,591July 25, 2017
$100 at that price$3,100At our latest price check
Illustrative value using a Bitcoin price of $80,335, checked Oct 29, 2026, 5:44 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Howard Marks appears in 2 recorded obituaries. 93 declarations were recorded in 2017.
Keep the receipt.
Bitcoin Is Dead. “Howard Marks Sounds the Alarm on Tech, Cryptocurrencies and Private Equity” — Howard Marks, Bloomberg, July 25, 2017. Bitcoin: $2,591.22. https://bitcoindeaths.com/posts/2017-07-25-howard-marks-sounds-the-alarm-on-tech-cryptocurrencies-and-private-equity