In a podcast episode, Mark Cuban, a billionaire, shared his views on and bitcoin.
Cuban made the remarks during a broad-ranging appearance on a forthcoming episode of Bill Maher’s podcast ‘Club Random. The episode will be released Monday.
According to the Dallas Mavericks owner, he wants bitcoin to drop more so that he can buy more.
The prices of some popular cryptocurrency have fallen significantly year-to-date. Bitcoin is down 65% while Cardano and ethereum are down 69% and 88%, respectively.
Cuban responded to Maher’s claim that he had invested in Gold. Cuban responded to Maher’s statement that he had a href=”https://foxbusiness.com/category/commodities”>invested in gold. He said, ‘You know what?
Cuban explained to Maher that gold is a store value and that bitcoin is also a store of worth.
Later, he said, “When you own gold all you have is a digital transaction.” Maher stated that this was why ‘we are not mostly in gold’. Cuban responded, “And that’s okay. You don’t think I’m mostly in bitcoin? It’s something I have.
The billionaire investor said, “But it’s digital transaction and it is a store value – that’s what it’s called, a store value.” “So people perceive that gold has value and bitcoin has value.
He said that bitcoin is a good investment and that he believes it to be a great idea, but he also stated that he doesn’t recommend anyone buy the cryptocurrency.
Cuban has spoken out on cryptocurrency several times before, including on’Cavato: Coast to Coast’ in February and November while speaking to TMZ Sports.
On the show, he discussed utility issues associated with crypto. He said that bitcoin is a’replacement for gold’ and a’store of value’. He suggested that people should approach crypto investing like any other asset class and think about the ‘value proposition” and growth opportunities.
Cuban told TMZ Sports last month that he still believes in cryptocurrency, despite the ongoing FTX scandal.
Cuban told the outlet, “Just separate the signal and the noise.” “It’s just that there have been many people making lots of mistakes, but that doesn’t alter the underlying value or its applications.