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Mark Cuban: “bitcoin is better than gold”

Billionaire and investor Mark Cuban has once again spoken out in support of the first cryptocurrency, stating that Bitcoin is an excellent hedging asset and “Gold 2.0”.

“Bitcoin is better than gold. No storage problem, it is very easy to transfer and convert and trade it. Bitcoin does not need intermediaries and can be broken down into very small pieces. ” wrote owner of the Dallas Mavericks basketball club.

At the same time, Kuban admits that now the demand for gold is higher than for bitcoin. However, this will change in the future as the ease of transferring bitcoin will win over new investors. As a result, the capitalization of gold will decrease, as will the trading volumes of the precious metal.

“Gold is useless in almost any application, but especially as a hedging asset. Bitcoin performs better in this capacity, while it is similar to gold in that its price is determined solely by the balance of supply and demand, “- said the billionaire.

It’s worth noting that just a couple of years ago, Cuban was an avid skeptic of Bitcoin and cryptocurrencies. He said that bitcoin will never be a reliable currency, and gold is much better than BTC. However, he then drastically changed his views and became a cryptocurrency enthusiast.

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