According to CNBC , Cuban said, “I think it has more value”. He is referring to Bitcoin when asked about his choice between the two assets.
He believes Bitcoin offers more long-term potential compared to traditional gold, especially when economic uncertainty looms.
Cuban: Bitcoin’s Supply Makes It a Better Hedge Than Gold
Historically, gold has been viewed as a safe-haven asset during times of economic turmoil. Investors flock to it when the stock market is in turmoil or inflation is on the rise, believing that gold will hold its value. However, Cuban’s stance is clear: Bitcoin has the edge over gold, especially given its decentralized nature and the innovative technology behind it. “Bitcoin is a store of value, just like gold, but it has the added benefit of being a digital asset that can be transferred across the world in seconds,” Cuban explained.
🔥BULLISH: Billionaire Mark Cuban says he’d rather own #Bitcoin than gold if something bad happens to the economy as it is portable and easier to use for smaller transactions.
“I think it has more value than gold,” he adds. pic.twitter.com/vvss7VP9nQ
— Cointelegraph (@Cointelegraph) January 9, 2025
One key reason Cuban prefers Bitcoin is its finite supply. With a cap of 21 million coins, Bitcoin is often seen as a hedge against inflation—something that’s become increasingly relevant as central banks print more money to stimulate the economy. In contrast, gold’s supply is not as strictly limited, making it more susceptible to fluctuations in value. According to Cuban, Bitcoin’s fixed supply gives it an advantage when it comes to preserving value during periods of financial instability.
Cuban: Bitcoin’s Liquidity Outshines Gold’s Physical Limitations
Cuban also pointed out the importance of Bitcoin’s liquidity. Unlike gold, which requires physical handling and storage, Bitcoin can be quickly transferred and accessed globally. Whether it’s to make a transaction or move assets across borders, Bitcoin’s digital nature gives it flexibility that gold simply can’t match.
NEW ‼️ – Billionaire investor Mark Cuban tells CNBC:
“There’s only gonna be 21 million of them…it’s a great store of value…I’m investing in Bitcoin over gold, all day every day, and I’ve said that for years.” #Bitcoin (not crypto) pic.twitter.com/Inmb9nqyii
— Swan (@Swan) March 6, 2024
Disclaimer
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