Currently, Bitcoin is a currency highly appreciated by many people in the world.. In this scenario, Mark Cuban, renowned American businessmansurprised by mentioning that several people are preferring cryptocurrency instead of gold. What is the statement from the experts?
In an interview given for Wired and that appeared on YouTube, Cuban assured that gold is not based on the supply and of course the demand for jewelry. “People see it as an option in case the economy collapses or something bad happens,” he added.
Taking this matter into account, he highlighted that this virtual currency can have an advantage in the event of an economic crisis and that it is also a great reserve of value. “People see bitcoin as a better version of gold, and I agree with that,” he said.
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Another argument expressed by the former owner of the NBA’s Dallas Mavericks is related to a collapse in his country’s economy. Therefore, the reputation that the precious metal has had for a long time would change perception, since it can hardly be exchanged for goods and services.
“People are not going to walk around with gold bars. ‘Oh look, he’s got gold.’ Bam! ‘Now I have gold. What are you going to do with it? “Am I going to cut a little piece off of you?” he assured.
What is going to happen to cryptocurrencies in the future?
Is bitcoin more important than gold?
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Although the current price of bitcoin is quite high, the transfer method is simpler. “It can be divided, you can buy things, it can be transferred internationally. And that’s why I think it has more value than gold,” he concluded.
Faced with this situation, Suze Ormanfinancial expert, told CNBC that one A large number of investors believe that cryptocurrencies are going to appreciate.
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“I don’t think it will ever be a currency or a store of value. But since the younger generation is fascinated with it (and you can see the energy it generates), many people interested in it, over time it could very well gain momentum,” he said.
For this reason, specialists in the field suggest that betting as an asset can be completely risky and therefore indicate that you invest the amount of money that you are willing to lose in the event of a representative fall.
