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Bitcoin or Gold? Oaktree’s Howard Marks Sees Little Difference
Just like gold, Bitcoin is `only worth what people will pay for it,’ says Oaktree Capital Management co-founder Howard Marks. He discusses crypto, explains why he believes the investment environment has undergone a “sea change,” and that we won’t be returning to the world of 0% interest rates in the foreseeable future. So instead of Bitcoin or gold, investors should be in a high-yield bond fund.
Find all of Howard's memos here:
https://www.oaktreecapital.com/insights/memos
See omnystudio.com/listener for privacy information.
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By Bloomberg
4.2
3333 ratings
Just like gold, Bitcoin is `only worth what people will pay for it,’ says Oaktree Capital Management co-founder Howard Marks. He discusses crypto, explains why he believes the investment environment has undergone a “sea change,” and that we won’t be returning to the world of 0% interest rates in the foreseeable future. So instead of Bitcoin or gold, investors should be in a high-yield bond fund.
Find all of Howard's memos here:
https://www.oaktreecapital.com/insights/memos
See omnystudio.com/listener for privacy information.
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