Billionaire Mark Cuban has a bold piece of advice for anyone considering how to weather economic volatility: “Forget gold and invest in Bitcoin.” Cuban sees Bitcoin as the modern solution to preserving the value of money in times of crisis, and considers gold to be “a relic of the past.” 🏦✨
“People look at Bitcoin as an upgraded version of gold,” Cuban explained in a recent interview, emphasizing that cryptocurrencies have practical advantages, such as ease of trading, light weight, and compatibility with the requirements of the digital age. 💻📈
Cuban noted that gold might hold its value during financial crises, but described it as impractical. "Gold bullion is heavy, difficult to divide, and highly susceptible to theft," he said. 🔒🥇
“Nobody walks around with gold bullion!” he added, sarcastically, explaining that Bitcoin is superior because it is fully digital, easy to divide, and light and can be transferred anytime, anywhere. 🌐⚡
He went on to explain the advantages of Bitcoin:
“It can be easily bought and sold, broken down into small units, used to purchase goods and services, and transferred internationally without hassle.” He concluded by saying that Bitcoin is more valuable and practical than gold. 🌟📤
However, Cuban warned that the cryptocurrency market, including Bitcoin, is known for its high volatility, which requires caution from investors. 🛑📉
Are we going to see a new era where Bitcoin surpasses the shine of gold? Cuban seems certain of it🚀