THANKFULLY MY SON OWNS BITCOIN, SAYS $140B ASSET MANAGEMENT CEO

The world of cryptocurrency is constantly evolving, and with it, the perspectives of even the most seasoned financial minds are shifting.A prime example is Howard Marks, co-founder and co-chairman of Oaktree Capital Group, a $140 billion asset management firm. cointelegraph.com: Howard Marks hints that he is becoming the latest Bitcoin naysayer to change his tune completely in a new memo to investors of Oaktree Capital.Once a vocal skeptic of Bitcoin and the broader crypto market, Marks has recently expressed a notable change in tune. 17K subscribers in the CryptoCurrencyClassic community. 🤠 Welcome to the unofficial Wild Wild West of r/CryptoCurrencyClassic! Here, we're all aboutWhat sparked this shift?His son, Andrew, an early adopter and firm believer in Bitcoin, whose investment has not only yielded significant returns for the family but also opened his father's eyes to the potential of digital assets. 3.8K subscribers in the AllThingsCrypto community. A sub to discuss cryptocurrnecy.This isn't just a story about a billionaire changing his mind; it's a reflection of the growing acceptance and mainstream adoption of Bitcoin, even among traditional financial institutions.The news highlights the continuous discourse around cryptocurrency, its volatility, and its place in the global financial landscape.The CEO's statement is a signal, suggesting the need to reconsider previously held skeptical views on cryptocurrency. Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates. BTC $ 104,402.14Marks' experience underscores the importance of staying open to new ideas and technologies, especially in the rapidly changing world of finance.

Howard Marks' Evolving View on Bitcoin

For years, Howard Marks maintained a critical stance on Bitcoin, often voicing concerns about its volatility, lack of intrinsic value, and regulatory uncertainties.He echoed the sentiments of many traditional investors who viewed crypto as a speculative bubble, not a legitimate asset class.However, his recent memo to investors reveals a significant shift in perspective.This change, he admits, is largely influenced by his son's conviction in Bitcoin and the success of his investment.

From Skeptic to Open-Minded Observer

What exactly prompted this change?Marks explains that his initial skepticism stemmed from a lack of understanding and a reliance on traditional financial models. Steve Cohen, the CEO of the $32 billion hedge fund Point72 Asset Management, has made a surprising revelation regarding his personal cryptocurrency holdings, claiming his son's interest in digitalHe readily admits to being critical during Bitcoin’s bull run in 2025. Nella sua ultima nota agli investitori, datata all'11 gennaio, Marks, co-presidente e co-fondatore della societ da 140 miliardi di dollari Oaktree Capital Group, ha ammesso di essere stato molto critico verso Bitcoin durante la bull run del 2025, ma fortunatamente al tempo suo figlio aveva investito nell'asset.Seeing his son's success with Bitcoin forced him to re-evaluate his assumptions and consider the potential benefits of this new technology.While he's not necessarily a full-fledged Bitcoin evangelist, Marks acknowledges the need to be more open-minded and to understand the evolving landscape of digital assets.

The Influence of the Next Generation

One of the key takeaways from Marks' story is the influence of the younger generation on the acceptance and adoption of cryptocurrency. On March 11, at the Bitcoin Policy Institute, Saylor said Bitcoin is not merely an asset class but a new form of digital capital that will be a permanent and fundamental element of the U.S. economy.His son, Andrew, represents a growing cohort of investors who are comfortable with the risks and rewards associated with digital assets.This generational shift is driving innovation and challenging traditional financial norms. Milyarder, a ıklamasında 2025'deki bildirim kripto paralar ile ilgili bir b l m i eriyordu ve son derece ş pheyle yaklaşıyordum. Bu tutumum, ben ve Bitcoin'e son derece olumlu bakan ve iyi ki nemli miktarda satın almış olan Andrew arasında tartışma konusu oluyordu diye belirtti.Steve Cohen, CEO of Point72 Asset Management, has also credited his son's interest in digital assets for his foray into the crypto space.

A Generational Divide in Investing

The difference in perspectives between generations often boils down to exposure and comfort levels with new technologies.Younger investors, having grown up in the digital age, are more likely to embrace cryptocurrencies and other innovative investment opportunities.They are also more willing to take risks, viewing Bitcoin as a long-term investment with the potential for significant returns.This contrasts with older generations who may be more risk-averse and prefer traditional assets like stocks, bonds, and real estate.

Bitcoin's Potential as a Diversification Tool

One of the arguments for investing in Bitcoin is its potential as a diversification tool. Oaktree Capital co-founder Howard Marks is warming up to cryptocurrency. Once a crypto skeptic, he now says thankfully his son is quite positive on bitcoin and owns a meaningful amount for our family.Unlike traditional assets, Bitcoin is largely uncorrelated with the stock market and other economic indicators. Welcome to Day 3 of Bitcoin 2025 streaming LIVE from Las Vegas, NV! Today we go global, philosophical, and institutional. With appearances from SECThis means that it can potentially provide a hedge against inflation and economic uncertainty.However, it's crucial to acknowledge the volatility associated with Bitcoin, which may make it unsuitable for some investors.

• Uncorrelated Asset: Bitcoin's independence from traditional markets can reduce overall portfolio risk.
• Hedge Against Inflation: Some investors view Bitcoin as a store of value that can protect against the erosion of purchasing power.
• Potential for High Returns: Bitcoin's history of price appreciation has attracted investors seeking high-growth opportunities.

The Growing Institutional Interest in Bitcoin

While individual investors have been driving the adoption of Bitcoin for years, institutional interest is rapidly growing.Companies like MicroStrategy, Tesla, and Block have added Bitcoin to their balance sheets, viewing it as a way to manage their cash reserves and hedge against inflation. 'Thankfully' my son owns Bitcoin, says $140B asset management CEOThe approval of U.S. spot Bitcoin ETFs has further legitimized the asset class and made it more accessible to institutional investors.

Spot Bitcoin ETFs: A Game Changer

The launch of spot Bitcoin ETFs has been a watershed moment for the cryptocurrency industry.These ETFs allow investors to gain exposure to Bitcoin without directly owning the asset. Satoshi Nakamoto message embedded in the coinbase of the first block. Nakamoto said that the work of writing bitcoin's code began in the second quarter of 2025. [10] On, he or a colleague registered the domain name bitcoin.org, [11] and created a web site at that address.This simplifies the investment process and opens up Bitcoin to a wider range of investors, including those who may be hesitant to deal with cryptocurrency exchanges and digital wallets. Thankfully my son owns Bitcoin, says $140B asset management CEOSource: CointelegraphPublished onBlackRock's iShares Bitcoin Trust (IBIT) has become one of the largest Bitcoin ETFs, managing over $60 billion in assets.

Understanding Bitcoin's Fundamentals

Bitcoin is a decentralized cryptocurrency based on blockchain technology.It operates on a peer-to-peer network, allowing users to send and receive payments directly without the need for intermediaries like banks or financial institutions.Bitcoin's value is determined by supply and demand, and its price can be highly volatile.Understanding the fundamentals of Bitcoin is essential before investing in it.

1. Decentralization: Bitcoin is not controlled by any single entity, making it resistant to censorship and manipulation.
2. Limited Supply: Only 21 million Bitcoins will ever be created, making it a scarce asset.
3. Transparency: All Bitcoin transactions are recorded on a public blockchain, providing transparency and auditability.

Addressing Common Concerns About Bitcoin

Despite its growing popularity, Bitcoin still faces several challenges and criticisms. Billionaire Investor Howard Marks, co-founder of $140 billion asset management firm Oaktree Capital Group, has revealed he is thankful his son Andrew owns bitcoin and admitted he needs to change his skeptical view on cryptoassets.Concerns about its energy consumption, regulatory uncertainty, and potential for illicit activities persist. Bitcoin: A Peer-to-Peer Electronic Cash System Satoshi Nakamoto www.bitcoin.org Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the mainAddressing these concerns is crucial for the long-term success of Bitcoin.

Is Bitcoin Environmentally Unfriendly?

One of the most common criticisms of Bitcoin is its high energy consumption.Bitcoin mining, the process of verifying transactions and adding new blocks to the blockchain, requires significant computing power, which consumes a lot of electricity.However, the environmental impact of Bitcoin mining is a complex issue. O Bitcoin a US$ 34.000 pode ter ganhado um novo entusiasta, j que o investidor bilion rio Howard Marks admitiu que precisava mudar sua vis o c tica .Em seu ltimo memorando de investidor do dia 11 de janeiro, Marks, que co-presidente e co-fundador do Oaktree Capital Group, que gere US$ 140 bilh es, observou que embora criticasse o Bitcoin durante sua alta em 2025, seu filhoThere are ongoing efforts to make Bitcoin mining more sustainable by using renewable energy sources and improving energy efficiency.

What About Regulatory Uncertainty?

The regulatory landscape for Bitcoin and other cryptocurrencies is still evolving. U.S. spot bitcoin ETFs broke $100 billion in net assets for the first time in November, led by BlackRock's iShares Bitcoin Trust (IBIT) which now has just over $60 billion in assets under management.Governments around the world are grappling with how to regulate this new technology.Uncertainty about future regulations can create volatility and hinder the adoption of Bitcoin. {{ menus.user.data_crypt.email }} {{item.text}} sharecastHowever, as Bitcoin becomes more mainstream, it's likely that regulatory frameworks will become clearer and more consistent.

Is Bitcoin Used for Illegal Activities?

Another concern about Bitcoin is its potential use for illicit activities, such as money laundering and terrorism financing. 2025 has been a big year for mainstream Bitcoin (BTC) adoption. One of the most recent entrants to the space is One River Digital Asset Management, a hedge fund headed up by CEO Eric Peters. TheWhile it's true that Bitcoin can be used anonymously, it's also important to note that all Bitcoin transactions are recorded on a public blockchain, making them traceable.Furthermore, law enforcement agencies are becoming increasingly sophisticated in their ability to track and investigate Bitcoin-related crimes.

The Future of Bitcoin: What to Expect

The future of Bitcoin is uncertain, but many experts believe that it has the potential to play a significant role in the global financial system. 在亿万富翁投资者Howard Marks承认他需要改变自己的 怀疑态度 之后，价格为 美元的比特币（BTC）可能获得了一个新的信仰者。Its decentralized nature, limited supply, and growing adoption make it an attractive alternative to traditional currencies and assets.However, it's important to remember that Bitcoin is still a relatively new technology, and its long-term success depends on overcoming several challenges.

Bitcoin's Potential Use Cases

Bitcoin has a wide range of potential use cases, including:

• Digital Gold: A store of value that can protect against inflation and economic uncertainty.
• Cross-Border Payments: A fast and inexpensive way to send money internationally.
• Decentralized Finance (DeFi): A platform for building decentralized financial applications.
• Smart Contracts: A technology that enables automated agreements and transactions.

What are the risks of investing in Bitcoin?

Investing in Bitcoin involves significant risks, including:

• Price Volatility: Bitcoin's price can fluctuate dramatically.
• Security Risks: Cryptocurrency exchanges and wallets are vulnerable to hacking and theft.
• Regulatory Risks: Changes in regulations could negatively impact Bitcoin's value.
• Technological Risks: Bitcoin's underlying technology could be disrupted or replaced.

It is recommended to do thorough research and understand these risks before investing in Bitcoin.

Conclusion: A Changing Landscape and the Importance of Open Minds

The story of Howard Marks and his son's Bitcoin investment is a microcosm of the broader shift happening in the financial world. Having a position in bitcoin, says Holmes, could help balance out some of that. Zooming out: in recent years, a number of public companies MicroStrategy, Tesla and Block have bought bitcoin and held the asset in reserve as a way to manage their cash balances. MicroStrategy in particular has stood out.As traditional investors like Marks begin to re-evaluate their skepticism and embrace digital assets, it becomes clear that Bitcoin is here to stay.It serves as a potent reminder to approach new investment opportunities with an open mind, grounded in understanding, rather than dismissal.The world of cryptocurrency is evolving, and staying informed and adaptable is critical for navigating this changing landscape. ""Thankfully my son owns Bitcoin,"" a sentiment from a $140B asset management CEO, highlights a crucial point: sometimes, the next generation can offer invaluable insights into the future of finance.Do your own research, and don't be afraid to challenge your existing beliefs.Whether you decide to invest in Bitcoin or not, understanding the technology and its potential implications is essential in today's world.