Bitcoin and altcoin bull Mark Cuban makes acquiring more Bitcoins his top priority in the new year. Moreover, he hopes to get the biggest cryptocurrency at a cheap price. In addition, experts focus on the endless gold-Bitcoin debate within the scope of the articles Cuban draws attention to. Here are the details…
Mark Cuban continues to prefer Bitcoin and altcoin projects
This has been a disappointing year for most bulls, but not for Mark Cuban, who sees new possibilities in a bear market. The Shark Tank host has announced its plans to buy more Bitcoin (BTC) next year. He also restated his bullish stance. He added that he wants the price to drop further to get the biggest cryptocurrency cheaper. “I want Bitcoin to drop a lot more so I can get some more,” he said.
Speaking on Bill Maher’s podcast, the tech billionaire lauded crypto assets as the “game changer” of the investment space. He continued to criticize gold, saying that the investment in gold was “not worth it”. He stated that owning gold these days is exactly like having a digital transaction. He added that he would prefer to invest in Bitcoin and other cryptos to expand his portfolio. The billionaire referred to Bitcoin as a safer investment than gold. Moreover, he referred to how easily gold can be stolen. Cuban used the following statements:
Gold is a store of value and so is Bitcoin. Do you know what would happen if everything went wrong in a basket and you had a bar of gold? Someone would beat or kill you and take your gold nugget. Useless.
The gold and Bitcoin debate never ends
Mark Cuban was once a major Bitcoin critic. Therefore, it has not always been on the side of Bitcoin. But Cuban, who also owns NBA team Dallas Maverick, says he now sees it as a wise investment. Maher argued that Bitcoin is not backed by anything, making it a risky investment. But Cuban countered, claiming that “having a stake in 90 percent of companies” is pointless.
Bitcoin has been having bad times since its all-time high last year. cryptocoin.com As we reported, BTC lost more than 55 percent of its market capitalization. It also deleted 75 percent of its value. So it’s been a turbulent year for the market leader. BTC is currently trading at $16,862. Gold, on the other hand, is trading at $1,800 an ounce – it did better through 2022. Mark Cuban, Polygon, BTC, Ethereum, Dogecoin (DOGE) etc. He is a big investor in altcoins such as Moreover, the Dallas Mavericks team has incorporated DOGE payments.