The investor-billionaire and market expert Howard Marx in July caused a real stir when he called bitcoin "a short-term hobby," joining other well-known experts in the field of investment. He accurately predicted the bubble dotcom in 1999 and now manages assets of about 99 billion. dollars.

However, recently in his last statement to Oaktree Capital, Marx changed his position after some of his fellow investors had introduced him to the crypto currency. After that, Marx concluded that bitcoin is no different from the US dollar, adding:.

"There is absolutely no reason why bitcoin, or anything else, can not serve as a currency, if enough people accept it as such. Although I would note that no private currency has been widely used for a long time. Perhaps this currency will be an exception to the ".

However, in conclusion, Howard Marx still fears that the crypto currency has no fundamental intrinsic value.

Still not investing. Nevertheless, Marx did not change his position drastically, and for him the purchase and sale of crypto-currency remains a widespread speculation.

Despite the fact that he recognizes bitcoin as a currency, he believes that his rapid growth may be a sign of a speculative bubble.

Marx also noted:.

"Thanks to people who introduced me to bitcoin, I'm no longer a" dinosaur "like I used to. I think I understand what the digital currency is, how bitcoin works and what are its advantages. But I still do not want to invest my money in it, because I think it's a speculative bubble. I will be glad to be wrong ".