Shark Tank ‘Shark’ Mark Cuban revealed that he is waiting for Bitcoin price to come down so that he can purchase more in 2023.
Mark is a Forbes listed billionaire with a net worth of $4.8billion. The latest Forbes listing showed Mark ranked at 568 in the list of the richest people in the world.
Earlier, the owner of Dallas Mavericks was a well known cryptocurrency critic, but recently in a podcast he revealed his new pro-crypto perspective. He’s planning to purchase bitcoins during the dip in the upcoming year.
While talking to Bill Maher, the host of ‘Random Club’ podcast, Cuban said he wanted the price of the largest cryptocurrency by market capitalization to fall further so he could buy more. BTC price is struggling to clear the $21,000 mark ever since it fell from its all-time-high level of round $69,000. Several crypto enthusiasts predicted the dip to be as low as $4,000…
In the podcast, Mark praised digital assets as a game changer in investment strategy. He also conveyed his beliefs on Gold, noting that investing in Gold “isn’t worth it anyway.”
Mark is a multitasking billionaire with investments in over 400 national and multinational companies. He believes that holding Gold nowadays is equivalent to owning a digital transaction. He is planning to invest in Bitcoin and other digital assets for expanding his portfolio.
The American entrepreneur now believes that Bitcoin is a safer investment in comparison to Gold because storing Gold is quite difficult and it can be stolen easily.
“Gold is a store of value, and so is Bitcoin. If everything went to hell in a handbasket and you had a Gold bar, you know what would happen? Someone would beat the f*** out of you or kill you and take your Gold bar. It’s useless.”
The podcast host reminded Mark that crypto is not backed by anything making and that it is a risky investment. The billionaire answered that holding “shares in 90% of companies out there “ is waste.
In the 1 hour and 12 minutes long podcast, both host and the guest agreed that: San Francisco is no longer a favourable place to operate/run or establish a tech company–with Mark calling California city “pretentious.”
According to data from CoinMarketcap, at the time of writing cryptocurrency leader Bitcoin was trading at $16,548.84 with 24-hour trading volume of $15,777,505,141.
Earlier on November 10TH, 2021 Bitcoin touched its all-time high of $68,789.63 and if compare the current prices Btc lost around 75.94% in the last one year.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2022/12/31/mark-cuban-thinks-bitcoin-investment-is-better-than-gold/