Merryn Talks Money

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

Just like gold, Bitcoin is `only worth what people will pay for it,’ Marks says on the Merryn Talks Money podcast

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By Tiffany Tsoi

January 19, 2024 at 7:34 AM UTC

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Faced with a choice between Bitcoin and gold, Oaktree Capital Management co-founder Howard Marks doesn’t see much of a difference. According to Marks, both lack intrinsic value. “Gold is a little more tried and true, but it also lacks any kind of analytical raison d'etre,” Marks said in an interview on this week’s Merryn Talks Money podcast with host Merryn Somerset Webb.