Posts Tagged: Howard Marks

Novogratz: Cryptocurrency Market Will be ‘Largest Bubble of Our Lifetimes’

Cryptocurrency

A former hedge fund manager at Fortress Investment Group is, reportedly, looking to create a $500 million hedge fund focusing on cryptocurrency and blockchain. Mike Novogratz, the former manager at Fortress Investment Group, is investing $150 million of his own money. An additional $350 million is expected to be raised by January, 2018, through outside… Read more »

Howard Marks Has a Change of Heart Over Bitcoin, Sees it As a Currency

Bitcoin

Billionaire bitcoin critic Howard Marks has reviewed his opinion on bitcoin, admitting it could be a legitimate currency. At the end of July, the founder of Oaktree Capital Management wrote a 22-page memo to clients stating that digital currencies aren’t real. His position on them couldn’t be questioned. This was because he firmly stated they… Read more »