Mark Cuban Prefers Bitcoin Over Gold Amid Economic Concerns

According to Odaily, billionaire Mark Cuban recently expressed his preference for Bitcoin over gold in the event of economic instability. Cuban stated that many Bitcoin holders view it as an 'excellent store of value' and consider it an upgraded version of gold. He emphasized that if the dollar collapses, people are unlikely to carry gold bars, whereas Bitcoin is more portable and suitable for small transactions. Beyond being a store of value, Bitcoin can serve as a practical currency, facilitating easier buying, selling, division, and international transfers, making it more valuable than gold. While the exact amount of Bitcoin Cuban holds is unclear, analysts suggest his cryptocurrency holdings are substantial given his wealth. In the interview, Cuban admitted to owning enough Bitcoin and expressed his hope for its price to increase, though he did not disclose specific figures, only mentioning he has 'a lot.'