Howard marks bitcoin

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People are going back to be careful amid market rebound, watching a key level on was too negative.

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Scott Minerd and Howard Marks on Crypto
Howard Marks, one of the world's most formidable debt investors, has made a career of making big bets when and where others are unwilling to do. 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. Just like gold, Bitcoin is `only worth what people will pay for it,' says Oaktree Capital Management co-founder Howard Marks on this week's.

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calendar_month 14.08.2020

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Instead, both the yellow metal and crypto are only worth what others are willing to pay for it, Marks said, putting them in a category with assets such as art, furs, and even oil. In fact, while gold continues to reign as the leading safety asset, bitcoin topped the dollar to become the third-most preferred investment hedge , according to Bloomberg survey from May. In terms of price appreciation, he noted that gold and bitcoin aren't that different from one another either, as both their values are driven by a limited supply. Read preview.