Billionaire investor Howard Marks says cryptocurrencies 'aren't real'

Howard Marks, billionaire investor and founder of Oaktree Capital Management is adamant about his stance on cryptocurrencies like bitcoin, Ether and others: “They’re not real.”
Marks reiterated this three times to clients Wednesday in his latest Oaktree memo.
“I’d guess these things have arisen from the intersection of (a) doubts about financial security — including the value of national currencies — that grew out of the financial crisis an (b) the