The podcast host proceeded to argue that gold “never goes away” and is “like a hedge against everything else.” Cuban replied:
No, but it’s not a hedge against anything, right? What it is is the stored value and you don’t own the physical gold, do you? … Gold is a stored value and so is bitcoin. “When you own gold, all you own is a digital transaction. You don’t own the gold bar,” Cuban detailed, emphasizing that investors do not actually possess the actual gold. “If everything went to hell in a handbasket and you had a gold bar, you know what would happen? Someone would beat the f*** out of you or kill you and take your gold bar,” the Shark Tank star warned.
Acknowledging Cuban’s criticism of gold, Maher clarified, “We’re not mostly in gold.” Cuban responded: “And that’s fine. I’m not mostly in bitcoin, right? It’s just something I own.” The Dallas Mavericks owner stressed: “But it’s a digital transaction and it’s a store of value … So, people perceive that there is a value associated with gold, and there’s value associated with bitcoin.”
While stating that bitcoin “is a good investment,” Cuban noted that he is “not telling people to buy” the cryptocurrency. The Shark Tank star added:Cuban believes in cryptocurrency’s potential despite the crypto winter and the collapse of crypto exchange FTX. He previously explained that the FTX fallout
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I don't think so.. you all are fixing to lose your asses..
This guy told DOGE will become a stablecoin at 1 dollar. Hahaha...
Gold isn't going to drop in value by 80% in less than a year, as bitcon has done. Most people who have speculated in bitcon have lost money. What a great 'investment'.
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He also said dogs coin was a good investment 😂
Ofcourse because you invested in n that
Pretty accurate. Bitcoin is the best investment right now.
Just another way for him to stir attention up
Stay focused mark stop spreading lies
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He also said SOLANA was a good investment before it tanked . He’s not on your side !!!!
Only Fools Comparing Bitcoin with Gold ... Gold is far far better than Bitcoin ...
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Gold had its time.
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With gold Gov can just be like nope will give you $10 an ounce or you go to jail for not giving it back
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Gold still can be a not bad conservative option as for me
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He's not wrong.
Crypto awareness needs to be improved. Is time a problem? Is Crypto stakeholders the problem?
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Neither gold or crypto are investments. They are speculations.
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Great
Bitcoin is holding support above $16k after a series of breakouts over the past week Upside appears to be limited towards $19K-$21K given slowing momentum. Gaa0026 is a super underrated bitcoiner I’ve been following her tweets and tips seriously
when he finds out that BPRO exists, will he think the same about btc holders?
Gold is the best fool
viberate
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Absolutely no point in listening to what Draper ,Cuban and their ilk have to say they are so deeply embedded at the top of the ponzi.
Yes, crypto is still the best option right now
Yeahh! You sh*t to them markcuban way to go dude
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PeterSchiff
I think insulting others because of their choice is an asshole attitude.
hmmm ... I do both, bitcoin and gold, much less gold however, but I wouldn't disparage gold too much, it is a good thing to have in a diverse portfolio, maybe up to 10% of total ...
Jesus Christ! Oh Cuban… No wonder why you are billionaire. Once the banks only accept tangible gold but not worthless papers, you definitely know that the actual gold price will harshly smack all of the dumbcoins! You little sharkie Mercantilist Cuban lol!
PeterSchiff
Mark Cuban = 💩
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Analog bitcoin ( aka gold ) is ridiculously overrated and overpriced
From 65k to 16k this is readl good investment wkwk
Is Mark Cuban trying compete with Jim Cramer for maximum wrongness?
Is Mark Cuban trying to appear relevant or cool in Crypto? What does Mark Cuban know about Crypto or Gold to make such a statement? Is he not the same guy who got duped on some S%*t coins, plus invested in Voyager? mcuban Like kevinolearytv These are clueless to Crypto.
PeterSchiff , can you correct mcuban plz?
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Gold has been used in the beginning during ancient times and will be here until the end of humanity. BTC will come and go with technology. BIS has ordered all the central banks to back their reserves with physical gold per Basel 3. New system coming.
Gold demand has outstripped supply every year. Central banks are increasing gold purchases at record pace.
Part of me thinks he is buying up a bunch of gold right now and selling a bunch of crypto since FTX collapse
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Don’t be deceived by excuses.
The first time to went to buy gold I thought the same thing. There’s allot of fake gold train your eye to spot fakes. You only have fake $BTC until you move it into cold storage. Problem is $GOLD is ancestral currency and is still important to HODL a position. 6000 years of trade
Sell the news buy the rumor
You can’t stop a superior technology . Bitcoin is store of value plus can act as payment systems with far greater superior than existing bank systems. Once you talk of other cryptos then they are programmable money !!!
Name calling, how mature.
This man missed a billion dollar business just because he didn't want to put in $700,000 in investment. Ring CEO smiled seeing this.
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Gold demand has outstripped supply every year. Central banks are increasing gold purchases at record pace.
Obviously
interesting
What a joke lmao
you fooled everyone by saying bitcoin was better than gold...gold will still be around when the internet dies towards the end of days
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Agree
Vintage baseball cards have done better for me than stocks or crypto.
This is called “Talking your book” in the biz
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Correct, because gold is just inventory. While BTC is currency. 101
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