Billionaire Investor Mark Cuban: “Gold and Bitcoin are Pretty Much One and the Same Thing”
- uban, in a recent interview, let it be known to the world that he is not a big fan of precious metals — especially gold.
- He was recently quoted as saying that he hates gold with what he refers to as, “double-extreme prejudice with an ounce of hot sauce.”
He then went on to add that in his view, Bitcoin is pretty much the same as the yellow precious metal — even though the digital asset has the advantage of having a finite supply volume. On the subject, he was quoted as saying:
“They’re both collectibles. The value is based off supply and demand. And the good news about Bitcoin is there’s a finite supply that’ll ever be created.”
Bitcoin has often been referred to as “digital gold” by many finance experts. In this regard, the origin of this term can be dated back to 2015, when a NY Times journalist named Nathaniel Popper published his book of the same name.
Recently, Sonya Mann — ZCash Foundation's head of comms. — was quoted as saying that due to BTC’s 21 million token supply, the premier digital asset appears to be a much more lucrative SOV (Store of Value) when compared with gold.
She also added that owing to BTCs utility as a software product, the global investment community is now beginning to realize the true potential of this asset.