Oaktree Capital co-founder Howard Marks (Howard Marks) is passionate about cryptocurrency. Once a cryptocurrency skeptic, he is now “very grateful” that his son is “very optimistic about Bitcoin” and “has a considerable wealth for our family.”
Howard marks the warm-up encryption
Howard Marks, co-founder and co-chair of Oaktree Capital Management, talked about Bitcoin in a memo released this week. He has been discussing investment strategies with his son Andrew, who is a professional investor focused on growth and technology companies.
In part of the memo, Max admitted that he was “highly skeptical” about cryptocurrencies. The co-founder of Oaktree Capital Management stated:
For Andrew and I, this view has caused a lot of discussion. Andrew is positive about Bitcoin and several other currencies and is fortunate to have a considerable wealth for our family.
He explained: “As far as cryptocurrency is concerned, I may allow my pattern recognition around financial innovation and speculative market behavior, as well as my natural conservatism, to arouse my skepticism.” “These things make Okter Li and I have been in trouble many times, but they may not help me think creatively.”
Marks continued: “With the help of Andrew, I came to the conclusion that my knowledge of the news is not enough to form a firm view of cryptocurrencies. In the spirit of openness, I am studying hard.” He continued Tell your son any questions and comments about cryptocurrency and Bitcoin.
Oaktree Capital executives are not the only ones who have softened their views on Bitcoin lately. Earlier this month, economist David Rosenberg admitted to “ignorance of Bitcoin” and admitted that the cryptocurrency exceeded his expectations. In November last year, Ray Dalio, the founder of Bridgewater Associates, admitted that he may be wrong about Bitcoin, and therefore has a better understanding of cryptocurrencies.
What do you think of Howard Marks’ views on Bitcoin? Let us know in the comments section below.
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