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Oaktree Capital Founder Howard Marks Changes His Mind About Bitcoin as Demand Soars and Price Jumps 10x

Oaktree Capital’s Howard Marks has warmed up to bitcoin. He admitted that he had a knee-jerk reaction to the cryptocurrency and dismissed it too soon. Since then, the price of bitcoin has risen tenfold as demand for the cryptocurrency soars among retail and institutional investors. Howard Marks Changes Stance on Bitcoin Howard Marks, co-founder and co-chairman of Oaktree Capital Management, talked about bitcoin during an interview with CNBC last week. As institutional investors become increasingly interested in bitcoin and major companies have announced their investments in the cryptocurrency, Marks said: “I’m opening my mind on bitcoin. I was ‘knee-jerk’ skeptical.”…

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