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Billionaire Investor Howard Marks, who is worth $2.1 billion, said his early comments on bitcoin were a “knee-jerk reaction.”

Billionaire Investor Howard Marks, who is worth $2.1 billion, said his early comments on bitcoin were a “knee-jerk reaction.”



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  1. >“There are plenty of things that people want and value highly that have no intrinsic value – how about a painting or a diamond or ***a bar of gold***?”

    He has now made an enemy for life.
    ^Peter’s ^heavy ^breathing ^intensifies

  2. Conservative investor speaks about how he didn’t understand BTC a year/two years ago, while crypto is in a bull run.

    A few months/years later, when we enter the bear run, all of them will say “I was right, you see”

    Then the following bull run, the circle continues.

  3. It takes courage to admit it.

    Many have a hard time admitting that they initially reacted badly.

    The advantage of Bitcoin is that when you come to buy it, everything happens the same way whether you are a former opponent or a Bitcoiner.

    Bitcoin treats all its users the same.

  4. tldr; Howard Marks, co-founder of alternative investment manager Oaktree Capital, has said he has reconsidered his previous “dismissive” stance on bitcoin. The investor, who is worth $2.1 billion according to Forbes, previously said in a 2017 memo that cryptocurrency was “an unfounded fad.” He added that his comments were a “knee-jerk reaction without information.”

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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