Billionaire investor Marks, who called the dotcom bubble, says bitcoin is a 'pyramid scheme'

Howard Marks, one of the most respected value investors out there, starkly warned his clients to avoid high-flying digital currencies. "In my view, digital currencies are nothing but an unfounded fad (or perhaps even a pyramid scheme), based on a willingness to ascribe value to something that has...

Billionaire investor Marks, who called the dotcom bubble, says bitcoin is a 'pyramid scheme'