Billionaire Investor Howard Marks Highlights Bitcoin Qualities

In a current episode of the “We Examine Billionaires” podcast, Oaktree’s Howard Marks shared his ideas on Bitcoin, which have drastically modified since he was outspokenly destructive about it in 2017. The billionaire investor stated that he can now perceive many arguments in favor of Bitcoin, together with its similarities and benefits in comparison with gold.

“There is a large argument that [bitcoin is] digital gold, that it has a number of the qualities of gold within the sense of being inflation-resistant, and perhaps crisis-resistant. However relative to gold, it has benefits,” Marks said. “You do not have to pay to retailer it, it isn’t difficult to ship it someplace or transfer it round, and you’ll spend it — which you’ll be able to’t do with gold.”