Oaktree Capital Chairman Warms up to Crypto — Thankful His Son Owns Enough Bi...
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....
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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.
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....
SEC Chairman Gary Gensler says that there is no need to treat the crypto market differently from other capital markets. Noting that “the SEC will serve as the cop on the beat,” Gensler encouraged crypto trading and lending platforms “to come in and talk to SEC staff.”
SEC Chairman Gensler on Crypto Regulation
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, authored an opinion piece published in the Wall Street Journal Friday on how crypto assets should be regulated. He described:
There’s no reason to treat....
First, I’m thankful for LocalBitcoins.com. It is my favorite exchange, working quickly and securely. Haven’t had any issues with downtime or security breaches. My ID hasn’t been required, either, adding an element of freedom, and reducing the specter of identity theft, or privacy violations. And no, I’ve never met someone in person to exchange BTC. The website interface does this very well. Next, how about a nice bounce-back year for Bitcoin values? Brings a hint of respect to the people in my life who know how passionate I am about it’s future ascendancy as a global currency.