The billionaire owner of the Dallas Mavericks NBA team, Mark Cuban, told reporters recently that Bitcoin is much like gold. However, he did not have especially kind words for either asset.
Gold has often been compared to Bitcoin. After all, both are considered scarce resources which can function as a kind of “store of value,” depending on who you ask. It’s no surprise, then, that many Bitcoin investors tend to also be gold investors.
Billionaire Mark Cuban echoed this same comparison in a recent interview with Kitco News. “They’re both collectibles. The value is based off supply and demand. And the good news about Bitcoin is there’s a finite supply that’ll ever be created,” he said.
Cuban, however, is a known critic of gold. He says that gold enthusiasts are like a “religion” and that he “does not see it as an alternative to currency.” Although Cuban is no Bitcoin bull, he has said in the past that it’s worth putting some cash in it. “It’s still very much a gamble,” he said in 2017. Read More at BeInCrypto...