THELOGICALINDIAN - Oaktree Capital cofounder Howard Marks is abating up to cryptocurrency Once a crypto agnostic he now says thankfully his son is absolutely absolute on bitcoin and owns a allusive bulk 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 announcement appear this week. He has been discussing advance strategies with his son, Andrew, a able broker who focuses on advance and technology companies.
In one area of the memo, Marks accepted that he had “a aerial akin of skepticism” appear cryptocurrencies. The Oaktree Capital Management co-founder noted:
“In the case of cryptocurrencies, I apparently accustomed my arrangement acceptance about banking addition and abstract bazaar behavior – forth with my accustomed abnegation – to aftermath my agnostic position,” he explained. “These things accept kept Oaktree and me out of agitation abounding times, but they apparently don’t advice me anticipate through innovation.”
Marks continued: “I’ve assured (with Andrew’s help) that I’m not yet abreast abundant to anatomy a close appearance on cryptocurrencies. In the spirit of open-mindedness, I’m appetite to learn.” He proceeded to absolute any questions and comments about cryptocurrency and bitcoin to his son.
The Oaktree Capital controlling is not the alone one who afresh ashen his appearance on bitcoin. Earlier this month, economist David Rosenberg pleaded “ignorance on bitcoin,” acceptance that the cryptocurrency exceeded his expectation. In November, Bridgewater Associates architect Ray Dalio accepted that he may be wrong about bitcoin and has back acquired a bigger compassionate of the cryptocurrency.
What do you anticipate about Howard Marks’ appearance on bitcoin? Let us apperceive in the comments area below.
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