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<p class="is-style-lead">Howard Marks, co-founder of Oaktree Capital Management, questions the intrinsic value of Bitcoin and gold, favoring high-yield bond funds as a more secure investment option.</p>
<p>In a recent episode of the <a href="https://www.bloomberg.com/news/articles/2024-01-19/oaktree-s-howard-marks-on-gold-vs-bitcoin-podcast?utm_source=twitter&amp;utm_medium=social&amp;utm_content=crypto&amp;utm_campaign=socialflow-organic" data-type="link" data-id="https://www.bloomberg.com/news/articles/2024-01-19/oaktree-s-howard-marks-on-gold-vs-bitcoin-podcast?utm_source=twitter&amp;utm_medium=social&amp;utm_content=crypto&amp;utm_campaign=socialflow-organic" target="_blank" rel="noopener noreferrer nofollow">Merryn Talks Money podcast</a>, Howard Marks, co-founder of Oaktree Capital Management, expressed his views on Bitcoin and gold, suggesting a lack of intrinsic value.</p>
<p>Marks, whose firm specializes in distressed debt and manages about $180 billion, highlighted gold’s historical reliability but questioned its fundamental justification.</p>
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   <p lang="en" dir="ltr">Bitcoin or gold? Oaktree’s <a href="https://twitter.com/HowardMarksBook?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@HowardMarksBook</a> sees little difference<br><br>He shares his views on crypto with <a href="https://twitter.com/MerrynSW?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@merrynsw</a> on this week's Merryn Talks Money <a href="https://t.co/8Xcv07jhxH" target="_blank" rel="noopener noreferrer nofollow">https://t.co/8Xcv07jhxH</a> <a href="https://t.co/d4V3fHOlLJ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/d4V3fHOlLJ</a></p>— Bloomberg Crypto (@crypto) <a href="https://twitter.com/crypto/status/1748362849162838349?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 19, 2024</a>
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<p>You might also like: <a href="https://crypto.news/bitcoins-strong-recovery-in-2023-outshines-gold-and-sp-500/" rel="noopener noreferrer nofollow"> Bitcoin’s strong recovery in 2023 outshines gold and S&amp;P 500 </a></p>
<p>Discussing the current investment climate, Marks noted a significant shift, indicating that the era of 0% interest rates is likely over, advising investors to explore alternatives like high-yield bond funds.</p>
<p>According to Marks, these funds offer considerable returns and are inherently safer due to the nature of fixed-income securities. This perspective suggests a cautious approach towards more speculative assets like Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) and gold, favoring more traditional investment strategies.</p>
<h2 class="wp-block-heading" id="strong-bitcoin-etfs-versus-gold-etf-strong-s"><strong>Bitcoin ETFs versus Gold ETF</strong>s</h2>
<p>In 2024, Bitcoin and gold ETFs are quite different in their behavior in the market. Bitcoin ETFs are new and exciting, especially since the <a href="https://crypto.news/sec-approves-spot-bitcoin-etf-on-accelerated-basis/" data-type="link" data-id="https://crypto.news/sec-approves-spot-bitcoin-etf-on-accelerated-basis/" rel="noopener noreferrer nofollow">SEC</a> recently approved them. However, prices can change significantly due to regulations or events in the Bitcoin world, such as the upcoming <a href="https://crypto.news/bitcoin-halving-price-surge-btc-2024/" data-type="link" data-id="https://crypto.news/bitcoin-halving-price-surge-btc-2024/" rel="noopener noreferrer nofollow">Bitcoin halving</a>.</p>
<p>Conversely, Gold ETFs have been steadier. In 2023, the GLD ETF surged by nearly 13%, according to <a href="https://www.marketwatch.com/investing/fund/gld" data-type="link" data-id="https://www.marketwatch.com/investing/fund/gld" target="_blank" rel="noopener noreferrer nofollow">MarketWatch.com</a>, meaning gold ETFs are becoming more stable and could continue to grow.</p>
<p>While Bitcoin ETFs are new and can be volatile from a price perspective, gold ETFs do not vary as much as their BTC counterparts. Both are important in their respective markets but differ regarding risk and how the ETFs react to <a href="https://crypto.news/markets/" data-type="link" data-id="https://crypto.news/markets/" rel="noopener noreferrer nofollow">market changes</a>.</p>
<p>Read more: <a href="https://crypto.news/bitcoin-etf-approval-crypto-volume-spiked-market-cap-rose/" rel="noopener noreferrer nofollow"> Bitcoin ETF approval: crypto volume spiked, market cap rose </a></p>

Oaktree’s Howard Marks sees minimal difference between Bitcoin and gold

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