Mark Cuban wants to buy more Bitcoin and thinks gold buyers are stupid

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• Mark Cuban wants to buy more Bitcoin and thinks gold buyers are stupid

Cuban Mark. Source: a video screenshot, YouTube, The Filmy

Millionaire investor and TV personality Mark Cuban is looking to buy more bitcoin (BTC) despite the asset's XNUMX% drop from its peak.

“I want Bitcoin to go much lower so I can buy more,” Cuban said in a recent podcast interview with talk show host Bill Maher.

Bitcoin has fallen to around €17 at the time of writing, after trading at an all-time high of €69 in November XNUMX.

Bitcoin price since two thousand and twenty. Source: CoinGecko

Maher: I am "very anti-bitcoin"

During the interview, Maher described himself as "very anti-bitcoin" who would rather hold gold, which he called "a hedge against everything else."

In response to Maher, Cuban said:

"If you have gold, you're dumb as fuck."

He went on to accept that both bitcoin and gold have useful properties as a store of value.

"It's not a hedge against anything, right? It's a store of value and you don't have physical gold, right? Gold is a store of value, just like Bitcoin," said Cuban, owner of the Dallas Mavericks basketball team.

The well-known investor went on to explain why gold, if it is not physically sustained, cannot protect one's wealth in times of crisis.

“You don't own the gold bar, and if everything went wrong in a basket of hands and you had a gold bar, do you know what would happen? Someone would beat or kill you and take your gold bullion,” he claimed.

A Longtime Crypto Bull

Mark Cuban has long been bullish on cryptocurrencies. Lately, in the month of November of last year, the millionaire repeated his belief in the space and stated that cryptocurrencies are going to succeed due to the fact that "smart contracts are going to have a significant impact on the creation of valuable applications" .

In the past, Cuban has been widely seen as a defender of Ethereum (ETH), calling it "the closest thing we have to real money" and superior to Bitcoin.

"Applications that take advantage of smart contracts and extensions on Ethereum will eclipse Bitcoin," Cuban said on the Unchained podcast of chronicler Laura Shin in April XNUMX.