At least he admits he's a dinasaur

[chesthing]

https://www.cnbc.com/2017/08/10/howard-marks-i-dont-understand-whats-behind-bitcoin.html?recirc=taboolainternal

This is why bitcoin will become worth a million each. The current rich just don't get it - they literally can't grasp it no matter how hard they try. And that will be their downfall.

[CryptoBry]

Well, the world of Bitcoin has no time to let him understand what it is and Bitcoin has grown astronomically without him. Or maybe this guy is just looking for someone who can rightly explain to him the things related to Bitcoin and how he can participate on it and make more money. He must have the capital so soon we can even see this man boasting his Bitcoin holdings. Come on Howard Marks...let's make your Bitcoin adventure started!

[South Park]

https://www.cnbc.com/2017/08/10/howard-marks-i-dont-understand-whats-behind-bitcoin.html?recirc=taboolainternal

This is why bitcoin will become worth a million each. The current rich just don't get it - they literally can't grasp it no matter how hard they try. And that will be their downfall.

Not entirely true, if bitcoin is going to be worth a lot of money people will need to get in, including rich people that do not fully understand bitcoin, however some industries are going to be left behind if they do not adapt quickly to the change of paradigm.

[panju1]

https://www.cnbc.com/2017/08/10/howard-marks-i-dont-understand-whats-behind-bitcoin.html?recirc=taboolainternal

This is why bitcoin will become worth a million each. The current rich just don't get it - they literally can't grasp it no matter how hard they try. And that will be their downfall.

He is not the only one to admit that. Even Warren Buffet said that he cannot understand Bitcoin and he therefore wouldn't invest in it. Bitcoin will result in redistribution of wealth and that is good news.

[spazzdla]

He just hates commodities it seems lol

[gentlemand]

Doesn't anyone here think he's expressing some straightforward thinking?

A company has revenues, profits and value. That can be easily quantified and justified.

It's pretty easy for someone on the outside of crypto looking in to see nothing but pure speculation, largely because it still is nothing but at this moment in time.

There are alts out there valued in the 'billions' with probably less than 5000 users.

There is of course a world of potential. Very little of it has been fulfilled yet.

[spazzdla]

Doesn't anyone here think he's expressing some straightforward thinking?

A company has revenues, profits and value. That can be easily quantified and justified.

It's pretty easy for someone on the outside of crypto looking in to see nothing but pure speculation, largely because it still is nothing but at this moment in time.

There are alts out there valued in the 'billions' with probably less than 5000 users.

There is of course a world of potential. Very little of it has been fulfilled yet.

Gold has a 7 trillion dollar market cap and no profit or revenues.  Commodes are not everyone's cup of tea.