Billionaire Howard Stanley Marks has had a change of heart on bitcoin, according to a new interview with the Korea Economic Daily.
The Oaktree Capital co-founder said he was “very dismissive” in 2017, but growing demand has shifted his perspective.
Marks originally dismissed bitcoin as having no intrinsic value, but that’s less of a hang-up now, he argued.
“But there are a lot of things that people want and value highly which have no intrinsic value. The supply is fixed by the software … so it can’t expand much, unlike the dollar which can be printed in infinite amounts. And the demand is growing because more people are interested in it,” Marks was quoted as saying.
