Billionaire Investor Howard Marks Says Bitcoin Is A 'Pyramid Scheme' | CNBC

Howard Marks, who called the dotcom bubble, warns his clients against investing in digital currencies.

About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online

Billionaire Investor Howard Marks Says Bitcoin Is A 'Pyramid Scheme' | CNBC

[kkim]

Everyone happy with their imaginary money lololol

[shanenedwicke]

There was a dotcom bubble but some of the major tech companies we have today came from that bubble. They never burst and continue to grow. If your buying crypto just make sure you bet on the right horse. I reccommend NEO smart economy, it's still early but is 13th top crypto. You will thank me later, maybe 5 years when your a millionaire.

[maltatravel]

This guy is just butt hurt, probably made most of his money front running

[DONZI]

How entertaining it is to see newbies try to figure out what they think Bitcoin is and whether it's a Ponzi scheme or not I've been hearing this since it was worth 300 thank God I never listen to nobody

[freddiecantdance]

Well take at your own risks they say but for me I'm content of what I have cause everything in these Earth is temporary.

[antestarcevic]

Of course he says that. He acquired dollars

[dereks]

And since this came out, BTC has risen more than $100. Thanks Marks but take a seat.