Billionaire Mark Cuban argued with Club Random podcast host Bill Mar about investing in bitcoin and gold.
Mar noted that he is an opponent of the first cryptocurrency and believes in the value of the precious metal. In response, Cuban called those who invest in gold “fucking stupid”.
“I want bitcoin to drop lower so I can buy some more,” the billionaire said.
Cuban also criticized Mar’s claim that gold is a hedge against inflation and other risks. According to him, buying a precious metal does not mean owning a physical bullion.
“This is a digital transaction that proves ownership […]. Do you know what would happen if you had a gold bar in your hands? Someone would beat you to a pulp or kill you to take it,” Cuban added.
Touching on the topic of the collapse of FTX, the billionaire emphasized his commitment to the first cryptocurrency. He noted that the collapse of the exchange does not mean the fiasco of the entire industry:
“Separate the signal from the noise. There were a lot of people who made a lot of mistakes, but that doesn’t change the underlying value.”
At the same time, Cuban added that he “does not advise people to buy bitcoin,” although he still considers it a good investment.
Earlier, the billionaire called the acquisition of land, mansions and other real estate in virtual worlds a “stupid” idea, and also condemned the approaches SEC to the regulation of cryptocurrencies.
Recall that in June, Cuban said that the shift of focus to dapps and their creation outside of finance will attract an additional audience and stop the fall of the digital asset market.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
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Billionaire Mark Cuban argued with Club Random podcast host Bill Mar about investing in bitcoin and gold.
Mar noted that he is an opponent of the first cryptocurrency and believes in the value of the precious metal. In response, Cuban called those who invest in gold “fucking stupid”.
“I want bitcoin to drop lower so I can buy some more,” the billionaire said.
Cuban also criticized Mar’s claim that gold is a hedge against inflation and other risks. According to him, buying a precious metal does not mean owning a physical bullion.
“This is a digital transaction that proves ownership […]. Do you know what would happen if you had a gold bar in your hands? Someone would beat you to a pulp or kill you to take it,” Cuban added.
Touching on the topic of the collapse of FTX, the billionaire emphasized his commitment to the first cryptocurrency. He noted that the collapse of the exchange does not mean the fiasco of the entire industry:
“Separate the signal from the noise. There were a lot of people who made a lot of mistakes, but that doesn’t change the underlying value.”
At the same time, Cuban added that he “does not advise people to buy bitcoin,” although he still considers it a good investment.
Earlier, the billionaire called the acquisition of land, mansions and other real estate in virtual worlds a “stupid” idea, and also condemned the approaches SEC to the regulation of cryptocurrencies.
Recall that in June, Cuban said that the shift of focus to dapps and their creation outside of finance will attract an additional audience and stop the fall of the digital asset market.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
