⸺ Obituary · July 27, 2017 ⸺
“Billionaire Investor Howard Marks Says Cryptocurrencies 'Aren't Real'”
— Business Insider, Howard Marks
“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.””
Price at death
$2,697
Today
$73,490
Resurrection
×27.2
On 2017-07-27, Howard Marks (Investor) declared Bitcoin dead via Business Insider. Bitcoin was trading at ~$2,697 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on July 27, 2017, when one Bitcoin traded for approximately $2,697. Since then, Bitcoin has appreciated by 27.2× relative to the price on the day Business Insider pronounced it finished.