Billionaire Howard Marks: “Bitcoin should be legalized.”

Billionaire investor and market expert Howard Marks described Bitcoin as a “temporary fad” in a statement meeting with other prominent investment experts in July. Marks predicted the internet company bubble’ in 1999, making her now worth $99Bn in fortunes.

Nevertheless, in the latest Oaktree Capital statement, Marks retracted his words about this cryptocurrency after being briefed by his Bitcoin-loving friends. After detailing an important part of his training, Marks said that Bitcoin is no different from the US dollar and:

“Bitcoin or other cryptocurrencies I don’t see any reason behind the fact that coins are accepted by so many people but not considered legal currency.. I can say that for a long, long time no private currency has seen such widespread use, but that doesn’t mean we won’t see it in the future.”

Still not convinced

Marx is still not completely convinced and worried about what he sees as widespread speculation. While he accepts that Bitcoin can be used as a currency, the huge financial return it has brought in the last three years may be just a theoretical bubble. The part of your report about Bitcoin:

“Thanks to everyone who took the time to give me information.. I’m less “dinosaur” than I was against Bitcoin in the latest statement. Now I can understand what digital currencies are, how they work, and the discussion about them.. I don’t mind investing my money though as I think it might be a theoretical bubble. I’m willing to be wrong about that, too.”

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