Oaktree Capital Founder Howard Marks Changes His Mind About Bitcoin as Demand...
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....
Related News
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....
The Oaktree Capital's chairman said that different than in 2017, he now understands the arguments in favor of Bitcoin.
Traders are shifting funds into select altcoins as Bitcoin price trades in a sideways range. The top 100 richest Bitcoin (BTC) addresses have added 334,000 Bitcoin to their existing holdings over the past 30 days, a clear signal that whales and institutional-size investors bought the dip. A positive sign is that most of them have not reacted to the recent fall in Bitcoin’s price. This suggests that large investors are bullish on Bitcoin for the long term rather than looking to make a quick gain.An important element in the recent rally is many of the purchases have come from institutional....
Taking a proactive approach, Kraken has appointed Howard Bernstein, the ex-CCO of Merriman Capital as the new Chief Compliance Officer. The company says the appointment will help it as Bernstein is someone who comes with similar background, can anticipate the evolving regulation around Bitcoin and to help ensure it is regulated in a way that protects consumers while allowing the game-changing Bitcoin ecosystem to flourish. The announcement from Kraken says: “Today we’re pleased to announce a great new addition to the team, who will help us advance our proactive approach. Howard Bernstein....