Billionaire Investor Mark Cuban Talks About Bitcoin (BTC)!

Billionaire owner of the Dallas Mavericks, Mark Cuban, is on his podcast this week. Bitcoin (BTC) argued.

On Monday’s episode of the Club Random podcast, host Bill Maher said he is “anti-Bitcoin” and believes in the value of gold.

Cuban insulted those who own gold, opposing Maher’s statement that gold is a hedge against inflation.

Mark Cuban Argues With Anti-Bitcoin Host

When Maher said that gold “will never perish” and that it is “a means of protection against everything else,” Cuban replied:

“No, but it’s not a protection against anything, okay? Gold is a stored asset and you don’t own physical gold, do you… Gold is a stored asset, so is Bitcoin. BTC is a digital transaction and a stored value… So people who understand that there is value associated with gold also perceive that there is value associated with Bitcoin.”

Cuban also touched on the recent collapse of cryptocurrency exchange FTX, which has wreaked havoc in the industry and prompted calls for crypto regulation. Citing former CEO and founder of FTX, Sam Bankman-Fried, in an interview with TMZ, he said:

“I don’t know all the details, but if I were him, I would be afraid of going to jail for a long time. It sounds bad. I actually talked to him and thought he was a smart guy, but I never thought he would take other people’s money and use it for his own personal gain. Yes, it did…it seems that way.”

Cuban added on his Club Random podcast that he “didn’t tell people to buy Bitcoin” even though he still thought it was a good asset.

*Not investment advice.