No, we should ditch Bitcoin and buy ‘distressed securities’:

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Marks’ own firm, Oaktree Capital Management, specializes in investments in distressed securities.

“When you talk about rates being higher than they have been for the previous 14 years, that’s an advantage that we enjoy today. Investors in sub-investment-grade credit instruments — high yield bonds, senior loans, mezzanine finance, etc. — today can get interest rates that approach or exceed the historic average return on equities, which is about 10%,” Marks said.

“And I think the ability to get equity-type returns from investments that offer contractual returns in that vicinity is a tremendous advantage that we did not enjoy for that whole low rate period. So, you know, we’re very excited about the future for the things we do.”