Billionaire Howard Marks: Bitcoin Has Advantages Relative To Gold
The Oaktree Capital's chairman said that different than in 2017, he now understands the arguments in favor of Bitcoin.In a recent episode of the "We Study Billionaires" podcast, Oaktree's Howard Marks shared his thoughts on Bitcoin, which have drastically changed since he was outspokenly negative about it in 2017. The billionaire investor said that he can now understand many arguments in favor of Bitcoin, including its similarities and advantages compared to gold."There's a big argument that [bitcoin is] digital gold, that it has some of the qualities of gold in the sense of being....
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Oaktree Capital’s Howard Marks has warmed up to bitcoin. He admitted that he had a knee-jerk reaction to the cryptocurrency and dismissed it too soon. Since then, the price of bitcoin has risen tenfold as demand for the cryptocurrency soars among retail and institutional investors. Howard Marks Changes Stance on Bitcoin Howard Marks, co-founder and co-chairman of Oaktree Capital Management, talked about bitcoin during an interview with CNBC last week. As institutional investors become increasingly interested in bitcoin and major companies have announced their investments in the....
Oaktree Capital co-founder Howard Marks is warming up to cryptocurrency. Once a crypto skeptic, he now says “thankfully” his son is “quite positive on bitcoin” and “owns a meaningful amount for our family.” Howard Marks Warming up to Crypto Howard Marks, co-founder and co-chairman of Oaktree Capital Management, talked about bitcoin in a memo published this week. He has been discussing investment strategies with his son, Andrew, a professional investor who focuses on growth and technology companies. In one section of the memo, Marks admitted that he had....
Howard Marks hints that he is becoming the latest Bitcoin naysayer to change his tune completely in a new memo to investors of Oaktree Capital. Bitcoin (BTC) at $34,000 may have gained a new convert after billionaire investor Howard Marks admitted that he needed to change his "skeptical view."In his latest investor memo dated Jan. 11, Marks, who is co-chairman and co-founder of the $140 billion Oaktree Capital Group, noted that while he was critical of Bitcoin during its 2017 bull run, his son had "thankfully" bought in. Marks on crypto: Do you own research"Back in 2017, my memo 'There....
Egyptian billionaire Naguib Sawiris has said he remains bullish on gold and has no intention to invest in cryptocurrencies like bitcoin because such investment is a very risky business.
Sawiris Says Gold Still Safe-Haven Asset
In his remarks published by The National News, the billionaire reveals he believes it is wrong for people to make comparisons between gold and bitcoin. Sawiris, who is also the executive chairman of Cairo-based Orascom Investment Holding, insists gold is still the safe-haven asset.
“I’m still very bullish [on gold] and it is a safe....
The firm’s co-founder Alan Howard already has a personal stake in One River Digital Asset Management's crypto ventures. Brevan Howard, a United Kingdom-based asset management firm, is reportedly planning to directly invest in digital assets after more than a year of exposure to the crypto space.According to a Bloomberg report, Brevan Howard Asset Management will be allocating 1.5% of the $5.6 billion in its main hedge fund to crypto — roughly $84 million. A source with knowledge of the matter said two co-founders of crypto investment firm Distributed Global, Johnny Steindorff and Tucker....