Mark Cuban: "bitcoin is better than gold"

Billionaire and investor Mark Cuban once again spoke out in support of the first cryptocurrency, saying thatBitcoin 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 the owner of the Dallas Mavericks basketball club.

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

“Gold is useless in almost anyapplication, 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.

Just a couple of years ago, Cuban was an avid skepticbitcoin and cryptocurrencies. He said that Bitcoin will never become a reliable currency, and gold is much better than BTC. However, then he abruptly changed his views and became a cryptocurrency enthusiast.

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