Howard Marks, Founding Partner of Oaktree Capital Management, brought a new perspective to the ongoing debate between Bitcoin and gold with a recent statement. According to Marx, when it comes to real value, both assets stand on equal footing. Thus, the famous investor signals a change in investment perspectives.
A different approach to the Bitcoin and gold debate!
Oaktree, an asset management company, dates back to 1995. The company manages a staggering $180 billion in assets. With its final approach, this departure from the traditional narrative takes place. Known for his astute observations, Marx proposes a paradigm shift in the investment environment. He urges investors to consider high-yield bond funds in what he perceives as a transforming environment.
In a recent interview with the Merryn Talks Money podcast, Howard Marks expressed his unusual stance on the intrinsic value of gold and Bitcoin. Although gold is considered a more fundamental asset, Marx argues that it lacks a solid analytical basis. Specifically, “Gold is a little more tried and true. But it also lacks any analytical raison d’être,” he says. This perspective is consistent with his belief that the investment landscape is undergoing significant change. It also reflects a broader belief that an era of 0% interest rates is over.
In addition, Marks recommends high-yield bond funds as a safer alternative. In this context, it highlights its significant returns in the current market scenario. Marks’ comments echo his earlier sentiments, in which he dismissed Bitcoin’s resilience during the banking crisis as an “anti-bank play.” In that turbulent time in 2023, “Bitcoin is an anti-bank play. Bank’s weakness reveals Bitcoin’s strength. “He also did very, very well this year.” said.
Ongoing debate with different perspectives
The debate surrounding the comparative values of gold and Bitcoin is not a new one. Market pundits and analysts have often drawn lines between the two assets and expressed different perspectives. For example, cryptokoin.comAs you follow from , ahead of the highly anticipated approval of the Spot Bitcoin ETF, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone shared a unique perspective. Mike McGlone suggested that gold will overshadow Bitcoin in 2024. He attributed this possibility to the uncertainties surrounding the potential launch of spot Bitcoin ETFs. However, ETFs are seen as a potential game changer in the cryptocurrency market.
The dynamic nature of the Bitcoin vs gold debate continues to emerge as industry experts offer contrasting predictions. Howard Marks’s claim that both entities lack intrinsic value adds a compelling layer to the ongoing discourse. Thus, it challenges established norms in the investment world. Meanwhile, at the time of writing, spot gold was trading at $2,031.85, up 0.46% in the last 24 hours. On the other hand, Bitcoin was changing hands at $ 41,425, down 2.41% on a daily basis.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!