Oaktree Capital founder: Bitcoin and gold both lack intrinsic value
According to financial reports, when faced with the choice between Bitcoin and gold, Marks, co-founder of Oaktree Capital, believes that there is not much difference between the two. Both, he said, lacked intrinsic value. Like gold, Bitcoin is “only worth what people are willing to pay for it.” Marks said on the talk show: "Gold is more time-tested, but it also lacks an analytical reason for existence."
According to financial reports, when faced with the choice between Bitcoin and gold, Marks, co-founder of Oaktree Capital, believes that there is not much difference between the two. Both, he said, lacked intrinsic value. Like gold, Bitcoin is “only worth what people are willing to pay for it.” Marks said on the talk show: "Gold is more time-tested, but it also lacks an analytical reason for existence."