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Monday, September 11, 2017

Howard Marks: “There’s no Reason Bitcoin Can’t be Labeled as a Currency”

Howard Marks: “There’s no Reason Bitcoin Can’t be Labeled as a Currency”

In the eyes of most people, Bitcoin is not a currency. That status quo may not change anytime soon either, unfortunately. However, Oaktree Capital founder Howard Marks has a very different opinion. While originally a skeptic, Marks has started to warm up to cryptocurrency. In his opinion Bitcoin should be a currency, as there is no reason why it can’t be one. An interesting turn of events, although it remains to be seen if any government will take his words to heart.

It has always been difficult to apply traditional terms of cryptocurrency. Bitcoin is unlike any other form of money most people have ever come in contact with. It offers unprecedented control over finances with any intermediaries involved in the process. Howard Marks was originally one of the people who wasn’t a big fan of cryptocurrency at first. In fact, he called Bitcoin a “fad” earlier this year. The overwhelming comments from the cryptocurrency community have had the desired effect.

Full story at

Source: NewsBTC

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