Gold and BTC are both stores of value, says billionaire Mark Cuban

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Bitcoin
Gold and BTC are both stores of value, says billionaire Mark Cuban

Mark Cuban, billionaire entrepreneur and owner of Dallas Mavericks, mocks gold buyers stating they are “dumb as f***” and confessed his love for bitcoin.

Speaking to Bill Maher in his podcast Club Random which will go live on Dec 26, Mark Cuban said he sees gold and bitcoin as important stores of value:

“Gold is a stored value and so is Bitcoin.”

Mark Cuban, American entrepreneur

Cuban also claimed he wouldn’t mind if bitcoin went down further. He explained that he sees any crash in crypto prices as an opportunity to accumulate. However, despite owning some BTC, Cuban admitted that it did not make up a greater part of his portfolio.

Moreover, Cuban went on to dismiss Maher on stage when he learned the host was using gold as a hedge. He kicked against investing in it, stating:

“If you have gold, you’re dumb as f***.”

Mark Cuban, American entrepreneur

Mark Cuban is a billionaire entrepreneur, investor, television personality and the host of the reality TV show “Shark Tank.” In it, aspiring entrepreneurs pitch their business ideas to a panel of investors, including Cuban. He is also a philanthropist and has donated millions of dollars to charities.

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Ifeanyi Egede

Ifeanyi Egede is an experienced and versatile writer and researcher. He has keen interest in blockchain technology, cryptocurrencies, NFTs, Web3, metaverse, fintech and emerging technologies. He has tons of published works both online and in the print media. He has close to a decade of writing experience. When he is not writing, he spends time with his lovely wife and kids.