The famous billionaire investor Howard Marks has previously urged people to stay away from Bitcoin and said that you should think twice before investing. ‘ said Marks, now he has turned.. The billionaire investor said that Bitcoin is no different from the US dollar, adding:
“There’s no reason why Bitcoin or anything else shouldn’t serve as currency if accepted as such by enough people. ”
‘I understand Bitcoin and digital currencies better now’
However, Marks continues to see Bitcoin as a tool for speculation and remains concerned:
“I am a little less a dinosaur since I wrote my final notes on Bitcoin thanks to the people who took the time to educate me. I think I understand better what digital money is, how Bitcoin works, and some of the arguments.. But I still don’t want to invest. ‘Cause I see it as a speculative bubble. I wish I was wrong.”