Shark Tank star and NBA Team Dallas Mark Cuban, owner of Mavericks, 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
Mark Shark Tank star and billionaire owner of NBA team his Dallas his Mavericks Cuban shared his thoughts on Bitcoin and gold in one episode. The comedian is on the “Club Random” podcast hosted by Bill Maher, scheduled to air on Monday.
Maher said he was “very anti-Bitcoin” and believed in the value of gold. On investing in gold, the owner of the Dallas Mavericks gaveopinions:
Podcast host was “never going away” and “like a hedge to everything else”. Cuban replied:
No, but it’s not a hedge against anything, is it? It’s a stored value and you don’t own physical gold, right? is a stored value, and so is Bitcoin.
“When you own gold, you only own digital transactions. “You know what would happen if everything went to hell in a hand basket and you had a gold bar?
Acknowledging Cuban’s criticism of gold, Maher clarified: 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, “I’m not telling people to buy cryptocurrencies.” The Shark Tank star added:
We want Bitcoin to drop further so we can buy more. Despite the currency winter and the collapse of crypto exchange FTX, we believe in the potential of cryptocurrencies. He has previously explained that FTX Fallout is not a failure of cryptocurrencies. Former FTX CEO Sam Bankman-Fried (SBF) said he should worry about going to jail for a very long time, while admitting he doesn’t know all the details.
45} On the other hand, Cuban Shark Tank co-star Kevin O’Leary, also known as Mr. Wonderful, said that SBF is one of the best traders in the cryptocurrency industry and would consider him if he had another business. He insisted on helping again. O’Leary was a spokesperson for FTX when the cryptocurrency exchange filed for bankruptcy.
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