🧠 Howard Marks vs. Crypto — A Billionaire’s Unshaken Skepticism

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In the vast ocean of digital hype and speculative gold rush, one voice cuts through the noise with chilling clarity—Howard Marks, billionaire investor and co-founder of Oaktree Capital Management, stands firm like a lighthouse against the crypto storm.

> “Bitcoin is not an investment. It’s a trade.”

“It has no intrinsic value.”

Marks doesn’t speak in riddles—he deals in reality, not dreams.

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❌ The Missing Core: No Cash Flow. No Yield. No Foundation.

To Marks, true investments breathe—they generate income, they evolve, they build value over time.

But Bitcoin? It just sits there.

No earnings. No dividends. No growth logic.

Only a single thread holds it together: hope that the next person will pay more than you did.

> “Tulip bulbs, South Sea bubbles… We’ve been here before.”

This isn’t finance. It’s theater.

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⚖️ Bitcoin($BTC ) vs. Gold: Mirror Reflections of Speculation

He draws a sharp line between belief and valuation.

Gold is ancient and trusted. Bitcoin is new and volatile. But neither, he says, holds true intrinsic worth.

> “They produce no income. They rely on psychology, not fundamentals.”

They are shadows that move when we blink, not pillars we can stand on.

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🧓 A Dinosaur Awakens?

Marks later offered a rare confession:

> “Maybe I’m too much of a dinosaur to understand.”

“I’ve learned how much I don’t know.”

The titan blinked—but didn’t fall. His caution remains unbroken.

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⚠️ The Message Beneath the Market

Howard Marks doesn't dismiss crypto out of ignorance.

He questions it with decades of wisdom, born from surviving every crash the market threw at him.

His warning is not loud—but it lingers.

It whispers to those blinded by charts and headlines:

> “Be careful where you step. Not every glowing coin is gold.”

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🏷️ #HowardMarks #CryptoMyth #CryptoBubble #BitcoinRealityCheck #OaktreeWisdom #InvestmentTruth