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

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

Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.

Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.

Merryn Talks Money

Bitcoin or Gold? Oaktree’s Howard Marks Sees Little Difference

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/de57dce3-517d-4fc3-b607-b0fc0073b322/transcript