Bitcoin Marketcap
$1.87T
Gold Marketcap
$16.21T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Bitcoin Marketcap
$1.87T
Gold Marketcap
$16.21T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Well known investor Howard Marks' latest investor letter indicates that he is at least somewhat warming up to bitcoin as a viable investment. In the past (2017, with BTC ~$2500), he has dismissed bitcoin as "not real", but his position now seems firmly neutral:
Thus, I've concluded (with Andrew's help) that I'm not yet informed enough to form a firm view on cryptocurrencies. In the spirit of open-mindedness, I'm striving to learn. Until I do, I'll be referring all requests for comments on the subject to Andrew (although I'm sure he'll decline).
The "Andrew" Howard refers to is his son, who is apparently much more on board with Bitcoin as a viable investment. Howard noted:
Back in 2017, my memo There They Go Again...Again included a section on cryptocurrencies in which I expressed a high level of skepticism. This view has been a source 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.
tldr