Mark Cuban expressed his wish to buy more Bitcoins and addressed Gold investors as “dumb.”
Entrepreneur and television personality Mark Cuban believes that it is better to invest in Bitcoins rather than Gold and expresses his plan to invest more in Bitcoins rather than Gold. On the podcast “Club Random” by Bill Maher, we got to know that Mark Cuban is optimistic about the Bitcoin price drop so that he can invest more in Bitcoins.
The value of Bitcoin is already diminished by 60% in 2022 and currently has a market value that is below $17000.
Though investment experts consider Gold a good investment option as it maintained its value over a long period and stands against inflation and an unstable economy, Mark Cuban addressed the gold investors as “dumb as f***” during his discussion with Maher.
Cuban also said, “If everything went to hell in a handbasket and you had a gold bar, you know what would happen? Someone would beat the f— out of you or kill you and take your gold bar.”
Mark Cuban considers both cryptocurrency and Gold as “stores of value,” but needless to say, how they acquire their value is different. Where Gold’s value is dependent upon relative scarcity, cryptocurrencies gain their value differently, which makes them highly volatile compared to Gold.
The value of Bitcoin is hovering far below year-to-date, whereas the value of Gold has deteriorated by 1% from the beginning of the year to this date.
- Published By Team Nation Press News