Howard Marks, co-founder of Oaktree Capital Management, has expressed skepticism about the intrinsic value of Bitcoin and gold, suggesting that high-yield bonds are a safer investment in the current post-easy money era. Marks believes that with the unlikely return to 0% interest rates, fixed income securities offer more substantial and safer yields. His views align with his previous warnings about the dangers of a low-interest-rate environment and the Federal Reserve's 'activist' approach.