Mark Cuban sees more value in Bitcoin than gold Gold continues to hold its own in the face of rising bond yields and a stronger U.S. dollar, but it faces yet another headwind as investors increasingly compare the precious metal with Bitcoin.
Famed billionaire investor Mark Cuban has weighed in on the debate, stating that he would rather own the top cryptocurrency than gold.
In an interview with Wired, Cuban noted that both gold and Bitcoin are viewed by many as stores of value; however, he argued that Bitcoin holds significant advantages over the precious metal.
“People look at Bitcoin as a better version of gold, and I agree with that,” he said.
According to Cuban, the biggest advantage Bitcoin has over gold is its utility. He described gold as impractical.
“People aren’t going to walk around with gold bars. ‘Oh, look, he owns gold.’ Bam! ‘Now I own gold,’” Cuban joked during the online interview. “What are you going to do with it? Let me slice you off a little piece?”
Meanwhile, he pointed out that Bitcoin has proven itself to function as a currency.
“It’s easier to buy and sell,” he said. “You can fractionalize it, you can use it to buy things, and you can transfer it internationally. And so I think it has more value than gold.”..................
https://www.kitco.com/news/article/2025-01-09/mark-cuban-sees-more-value-bitcoin-gold
