- In a recent statement, Howard Marks, Co-Founder of Oaktree Capital Management, provided a new perspective on the ongoing debate between Bitcoin and Gold.
- Howard Marks expressed his unconventional views on the intrinsic value of Bitcoin and Gold in a recent interview.
- Marks also suggests high-yield bond funds as a secure alternative and emphasizes their robust returns in the current market conditions.
The Co-Founder of Oaktree Capital Management offers a new comment on the debate about Bitcoin and Gold!
Bitcoin Commentary from Oaktree Co-Founder
In a recent statement, Howard Marks, Co-Founder of Oaktree Capital Management, provided a new perspective on the ongoing debate between Bitcoin and Gold. Specifically, Marks argues that both assets stand equal in terms of intrinsic value.
This comes as a deviation from the traditional narrative, while Oaktree, founded in 1995, manages a surprisingly large $180 billion in assets. Known for his observational skills, Marks calls for investors to consider high-yield bond funds in an environment he sees as transformed, highlighting the solid returns of these funds in the current market conditions.
Howard Marks expressed his unconventional views on the intrinsic value of Bitcoin and Gold in a recent interview. According to Bloomberg, while Gold is considered a well-established asset, Marks argued that Gold does not have a solid analytical basis. In particular, he said, “Gold is somewhat more tried and true, but it also doesn’t have any analytical raison d’être.” This perspective is in line with the broad belief that a period with 0% interest rates signals the end of an era in the investment landscape.
Marks also suggests high-yield bond funds as a secure alternative and emphasizes their robust returns in the current market conditions. Marks’ comments reiterate his previous thoughts from 2023, where he acknowledged Bitcoin’s resistance as an “anti-bank play” during the banking crisis. At that time, he said, “This (Bitcoin) is an anti-bank game, and the weakness of the bank highlights the strength of Bitcoin, and it has done very, very well this year.”
Ongoing Debate with Different Perspectives
The ongoing debate around the comparative advantages of Gold and Bitcoin is not a new topic. Market experts and analysts have often presented various perspectives on these two assets. For instance, before the eagerly anticipated approval of the Spot Bitcoin ETF, Bloomberg Intelligence’s Senior Commodity Strategist Mike McGlone shared a unique perspective. As reported by COINOTAG, Mike McGlone suggested that due to uncertainties surrounding the eagerly awaited approval of Bitcoin ETFs, gold might surpass Bitcoin in 2024 as a potential game-changer.
The dynamic nature of the debate between Bitcoin and Gold continues, with industry experts providing conflicting predictions. Howard Marks’ claim that both assets lack intrinsic value adds a striking layer to the ongoing narrative challenging the rules of the investment world.
