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

Published in Bloomberg on 2017-07-25, "Howard Marks Sounds the Alarm on Tech, Cryptocurrencies and Private Equity" declared Bitcoin dead or fundamentally doomed. The piece argued that Bitcoin's fundamental flaws — including volatility, scalability limitations, and lack of intrinsic value — made long-term survival unlikely. Bitcoin was trading at $2,591 at the time of publication. Bitcoin was in the midst of an extraordinary bull run, rising from $1,000 to nearly $20,000 by December.