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The debate over whether gold or Bitcoin (BTC) is a better store of value continues to erupt in the cryptocurrency and traditional investment worlds.
About the latest episode of Bill Maher club random In a podcast that aired on December 26, billionaire owner of the Dallas Mavericks, Mark Cuban, proposed that Bitcoin is a better store of value than gold.
While Maher openly admitted that he “supports bitcoin,” Cuban spoke out in cheeky agreement, stating, “I want to make bitcoin cheaper and more affordable.” Cuban continued its friendly denunciation of Maher, saying, “If you have money, you’re an idiot,” and urged you to “get Bitcoin.”
The two then discuss the pros and cons of both asset categories, with the billionaire stating that gold “isn’t a hedge against anything” and telling Maher, “I don’t own physical gold.” Isn’t it?” I was devastated.
Speaking to Cointelegraph, Cuban admitted that he actually owns more Bitcoin than gold, and went a step further by saying, “Yes. I don’t own gold.” told Cointelegraph that he personally chose to self-manage, but disagreed with the notion that those who do not hold their own coins or gold are inevitably seeking trouble. When it comes to keeping valuable assets safe, he said:
It depends on the location. If the custody host lends out gold or crypto for any reason, the risk is significantly higher. Make sure.”
Related: Russia’s largest bank issues gold-backed digital financial asset
On Oct. 25, Cointelegraph noted that more and more investors are viewing Bitcoin as a relative safe haven due to its growing correlation with gold, the S&P 500 and the Nasdaq 100. reported to show
Rising correlation between Bitcoin and gold is one of the key indicators that investors are putting their trust in Bitcoin amid the ongoing economic downturn, according to Bank of America digital strategists is.
