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Bitcoin makes everyone look stupid

Check out this interview of Howard Marks who rows back on his comments from 2017: [https://www.youtube.com/watch?v=hn4r3TUq1bM](https://www.youtube.com/watch?v=hn4r3TUq1bM)

“I was very dismissive toward bitcoin because it doesn’t have intrinsic value. But there are a lot of things that people want and value highly which have no intrinsic value. How about a painting, a diamond, a bar of gold?”

Bitcoin is confidential. Nobody but you knows about your holdings. Nobody can steal them from you.”

“So far, the people who bought at 5000 look like they were right.”

“My initial response was a knee jerk reaction without information.”

“Now I’ve learned how much I don’t know.”

respect to him for admitting that he was uninformed. not many people would do that



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