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/memosSee omnystudio.com/listener for privacy information.