Mark Cuban says bitcoin is a good investment while gold investors are 'dumb as f***.' $BTC crypto cryptocurrency
The podcast host proceeded to argue that gold “never goes away” and is “like a hedge against everything else.” Cuban replied:
No, but it’s not a hedge against anything, right? What it is is the stored value and you don’t own the physical gold, do you? … Gold is a stored value and so is bitcoin. “When you own gold, all you own is a digital transaction. You don’t own the gold bar,” Cuban detailed, emphasizing that investors do not actually possess the actual gold. “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,” the Shark Tank star warned.
Acknowledging Cuban’s criticism of gold, Maher clarified, “We’re not mostly in gold.” Cuban responded: “And that’s fine. I’m not mostly in bitcoin, right? It’s just something I own.” The Dallas Mavericks owner stressed: “But it’s a digital transaction and it’s a store of value … So, people perceive that there is a value associated with gold, and there’s value associated with bitcoin.”
While stating that bitcoin “is a good investment,” Cuban noted that he is “not telling people to buy” the cryptocurrency. The Shark Tank star added:Cuban believes in cryptocurrency’s potential despite the crypto winter and the collapse of crypto exchange FTX. He previously explained that the FTX fallout
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Mark Cuban weighs in on gold and bitcoin, says both 'a store of value'Billionaire Mark Cuban offered his thoughts on gold and bitcoin in an upcoming podcast episode with Bill Maher, saying they both are 'store of value.'
Weiterlesen »
Billionaire Mark Cuban Says He Wants to Buy Bitcoin at Much Lower PricesBillionaire Mark Cuban continues to believe in Bitcoin, but he wants to buy it at much lower prices
Weiterlesen »
This Mark Cuban-backed $110 million startup wants to make charging EVs like ordering takeoutSparkCharge CEO Josh Aviv came up with his idea for portable batteries to charge electric vehicles as college student. Now, his startup is worth $110 million, he says.
Weiterlesen »
Bitcoin, Ethereum Technical Analysis: BTC Nears $17,000 Ahead of Christmas Day – Market Updates Bitcoin NewsBitcoin rose closer to the $17,000 level on Saturday, despite crypto markets mostly consolidating to start the week.
Weiterlesen »
Bitcoin Hashrate Slides as Texas Miners Curtail Hashpower to Bolster the Grid – Mining Bitcoin NewsReports noted that bitcoin miners in the state of Texas curtailed their hashpower during a massive winter freeze.
Weiterlesen »