If you actually read the latest memo from Howard Marks, he tried to understand Bitcoin but couldn't make sense of it: https://www.oaktreecapital.com/insights/h

If you actually read the latest memo from Howard Marks, he tried to understand Bitcoin but couldn't make sense of it: https://www.oaktreecapital.com/insights/howard-marks-memos https://www.oaktreecapital.com/insights/howard-marks-memos Then he makes the perplexing argument, "But they're not real." And he calls it a fad and possibly a pyramid scheme. But obviously if you don't understand something, you shouldn't invest in it.