Mark Cuban to Bill Maher: 'If you have gold, you’re dumb as fuck... Just get bitcoin.'

Arguments surrounding whether golden oregon bitcoin is simply a amended store of worth proceed to hap wrong the cryptocurrency abstraction and accepted concern circles.

On the latest occurrence of Bill Maher’s podcast “Club Random Podcast”, which aired connected Dec. 26, the billionaire proprietor of the Dallas Mavericks, Mark Cuban advocated for Bitcoin being a amended store of worth than gold. 

In effect to Bill Maher openly admitting that helium is, “rooting against Bitcoin,” Cuban chimed successful with a cheeky statement saying, “I privation Bitcoin to spell down a batch further truthful that I tin bargain immoderate more.” Cuban went connected to connection immoderate affable chastisement to Maher, saying “if you person gold, you’re dumb arsenic fuck,” earlier encouraging him to "just get Bitcoin."

The 2 went connected to sermon the pros and cons of some plus categories, with the billionaire stating that golden “is not a hedge against anything," due to the fact that “you don’t ain the carnal gold, bash you?” Speaking to Cointelegraph, Cuban confirmed helium does so ain much Bitcoin than gold, adjacent going a measurement further to admit, "Yes. I don't ain immoderate gold."

However, hile Cuban noted to Cointelegraph that helium personally chooses to self-custody his assets, helium disagreed with the thought that radical who bash not clasp their ain coins oregon golden are asking for trouble. When it comes to safely storing assets of value, helium said:

"It depends connected where. If the custody big lends retired the golden oregon crypto for immoderate reason, past determination is importantly much risk. If you don't self-custody, I would marque definite it's a regulated entity that has required controls and liquidity minimum requirements."

Related: Russia's largest slope issued gold-backed integer fiscal assets

On Oct 25, Cointelegraph reported that Bitcoin’s increasing correlations with gold, S&P 500, and Nasdaq 100 indicated that a increasing fig o investors spot BTC arsenic a “relative harmless haven.” 

According to integer strategists astatine the Bank of America, The emergence successful the correlation betwixt Bitcoin and golden (XAU) is 1 of the large indicators demonstrating investors’ assurance successful BTC amid the ongoing economical downturn.