Bitcoin Is a Good Investment, Gold Investors Are Dumb – Markets and Prices Bitcoin News

Shark Tank star and owner of NBA team Dallas Mavericks, Mark Cuban, says Bitcoin is a good investment. Billionaires want the price of cryptocurrencies to drop even further so they can buy more. Meanwhile, he insulted gold investors and called them “idiots.”

Mark Cuban prefers Bitcoin to gold

Shark Tank star and billionaire owner of the NBA team Dallas Mavericks, Mark Cuban, said in an episode of the “Club Random” podcast hosted by comedian Bill Maher, scheduled to air Monday, that Bitcoin and shared their thoughts on gold.

Maher said he was “extremely anti-Bitcoin” and believed in the value of gold. Commenting on his investment in gold, the owner of the Dallas Mavericks said:

If you have gold, you’re stupid as f***.

The podcast host continued to insist that gold “never goes away” and is “like a hedge against everything else”.

No, but it’s not a hedge against anything, is it? It’s a stored value and you don’t own physical gold, right? … Gold is a stored value and so is Bitcoin.

“When you own gold, all you own is the digital transaction. I emphasized that I didn’t own it. “Do you know what would happen if everything went to hell with a hand basket and you had a gold bar? They will steal the bars,” warned the Shark Tank star.

Admitting Cuban criticism of gold, Maher clarified, “We are mostly not gold.” Cuban replied: I’m hardly Bitcoin, am I? It’s just what I own. ” emphasized the owner of the Dallas Mavericks.

While stating that Bitcoin is a “good investment,” Cuban said he was “not telling people to buy” cryptocurrencies.The Shark Tank star added: .

I want to make bitcoin cheaper so that more people can buy it.

Cuba believes in the potential of cryptocurrencies despite crypto winter and the collapse of crypto exchange FTX. He has previously explained that FTX Fallout is not a failure of cryptocurrencies. While admitting he doesn’t know all the details, former FTX CEO Sam Bankman-Fried (SBF) said he should be worried about going to jail for a very long time.

Meanwhile, Cuban Shark Tank co-star Kevin O’Leary, also known as Mr. Wonderful, claims SBF is one of the best traders in the cryptocurrency industry and would back him again if he had another venture. doing. O’Leary was a spokesperson for FTX when the cryptocurrency exchange filed for bankruptcy.

What are your thoughts on Mark Cuban’s statements about Bitcoin and gold? Let us know in the comments section below.

Kevin Helms

An Austrian economics student, Kevin has been an evangelist since he discovered Bitcoin in 2011. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.

image credit: Shutterstock, Pixabay, Wiki Commons

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