Millionaire investor and television personality Mark Cuban is searching to purchase more bitcoin (BTC) regardless of the asset being lower 75% from the peak.
“I want Bitcoin to visit lower a great deal further in order to buy more,” Cuban stated inside a recent podcast interview with talk show host Bill Maher.
Bitcoin is lower close to $17,400 during the time of writing, after buying and selling in an all-time a lot of $69,000 in November of 2021.
Maher: I’m “very anti-bitcoin”
Throughout the interview, Maher described themself like a “very anti-bitcoin” individual who rather would rather own gold, that they known as “a hedge against anything else.”
As a result of Maher, Cuban stated:
“If you’ve gold, you are dumb as fuck.”
He continued to confess that bitcoin and gold have helpful qualities like a store of worth.
“[Gold] isn’t a hedge against anything, right? What it’s is really a store of worth and also you don’t own the physical gold, would you? Gold is really a store of worth and thus is Bitcoin,” Cuban, the master of the basketball team Dallas Mavericks, stated.
The well-known investor ongoing by explaining why gold, if it is not locked in physical form, can’t safeguard one’s wealth in occasions of crisis.
“You don’t own the gold bar, and when everything visited hell inside a handbasket and also you were built with a gold bar, guess what happens happens? Someone would beat the fuck from you or kill you and also bring your gold bar,” he stated.
A lengthy-time crypto bull
Mark Cuban has lengthy been bullish on crypto. As lately as with November this past year, the millionaire reiterated his belief within the space, saying crypto will succeed because “smart contracts have a significant impact in creating valuable applications.”
“[…] the applications leveraging smart contracts and extensions on Ethereum will dwarf Bitcoin,” Cuban stated on journalist Laura Shin’s Unchained Podcast in April of 2021.