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Howard marks bitcoin

howard marks bitcoin

cnbc contributor. "Maybe I'm just too old and too much of a dinosaur to understand bitcoin Marks said jokingly. Marks isnt the only old-school Wall Street player to be skeptical of digital currencies. But hes still unconvinced that they hold any long-term promise. Even if you choose not to have your activity tracked by third parties for advertising services, you will still see non-personalized ads on our site. Major banks like Morgan Stanley have recognized bitcoins use as a value-holding asset, but are hesitant to call it a true currency. But theyre not real! Anzeige: Hier erfahrt forex trading for mac platform ihr bei t, wie ihr Bitcoins kaufen könnt.

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Oaktree Capital founder Howard Marks, bloomberg, howard Marks, billionaire investor and founder of Oaktree Capital Management is adamant about his stance on cryptocurrencies like bitcoin, Ether and others: Theyre not real. "It's not a medium of exchange, it's a medium of trading, so I can't see any intrinsic value Marks said. To avoid personalized advertising based on your mobile app activity, you can install the. It all comes down to optimism, says Marks. EU Data Subject Requests. "There is no intrinsic value in bitcoin.". Investing legend Bill Miller reportedly owns bitcoin, and Josh Brown, CEO of Ritholtz Wealth Management, said last month he used Coinbase to buy bitcoin. DAAs Consumer Choice page, the, nAI's website, and/or the, eU online choices page, from each of your browsers or devices. Theyre likely to keep working as long as optimism is present, writes Marks. In a memo last month, marks compared cryptocurrencies with the Tulip mania of 1637, the South Sea bubble of 1720 and the internet bubble of 1999.