⸺ 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

$61,577

Resurrection

×22.8

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 22.8× relative to the price on the day Business Insider pronounced it finished.

Read the original →

← Earlier death

“Howard Marks Sounds the Alarm on Tech, Cryptocurrencies and Private Equity”

Later death →

“Cryptocurrencies Will Be The Architects Of Their Own Demise”

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