The co-founder of the one hundred and forty billion USD Oaktree Capital Group, Howard Marks allegedly indicates that he is becoming the newest Bitcoin naysayer to alter his tune totally in a new memo to investors of Oaktree Capital.
At the present prices, Bitcoin may have gained a new convert after billionaire investor Howard Marks acknowledged that he desired to change his doubtful opinion about the crypto asset.
In his newest investor memo dated 11th January, Marks mentioned that while he was skeptical about Bitcoin during its last bull run in the year 2017, his son had “thankfully” bought in.
The memo mentions, “Back in 2017, my memo ‘There They Go Again… Again’ included a section on cryptocurrencies in which I stated a high level of skepticism. This view has been a subject of much discussion for me and Andrew, who is quite positive on Bitcoin and several others and thankfully owns a meaningful amount for our family,”
It further adds, “While the story is far from fully written, the least I can say is that my skeptical view has not borne out to date.”
The past couple of months have turned out to be an outstanding one for U-turns on Bitcoin’s merits. According to several media reports, figures from investors to banks have challenged their bearish projections on the digital asset.
Marks did not make an alike promise, nonetheless acknowledged the requirement to at least scrutinize digital asset and evaluate its prospects.