Billionaire investor Howard Marks backpedals on bearish Bitcoin statements

posted 10 months ago
Howard Marks, a popular billionaire investor who is the co-founder and co-chairman of Oaktree Capital Management, the largest global investor in distressed securities, is taking a positive approach towards understanding the benchmark cryptocurrency Bitcoin, after he had previously dismissed the asset.

He said “My initial response was a knee-jerk reaction without information and that’s not a good way to behave. Now, I’ve learned how much I don’t know... Nobody knows about your holdings but you. The government can’t know. Nobody can steal it from you. It’s better than an emerging-market currency.”
Tags: news, opinion, bitcoin