Mark Cuban says that Bitcoin will displace gold as a value reserve

By Angel di Matteo@Shadowargel

Although it continues to consider that Bitcoin alone is not very useful, he says that it works as a reserve of value because they associate it with the same narrative with which they invite people to invest in gold.

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The billionaire investors and owner of the Dallas Mavericks, Mark Cuban, said that Bitcoin will displace gold as a value reserve asset.

This was indicated by Cuban during an interview during the Uponly podcast transmitted through YouTube.There the renowned investor reiterated that he never believed that Bitcoin functioned as a currency, but projects that it will be much more profitable than gold for a large number of investors.

In this regard, Cuban said:

For Cuba, is Bitcoin now more useful than a banana?

These new statements by Cuban contrast strongly with what was the investor's position in 2020 in relation to the digital currency, since just over a year ago he became famous within the ecosystem by ensuring that “he preferred to buy bananas before investingIn Bitcoin ".

However, in more recent times, Cuban has been changing his perspective with respect to Bitcoin and revealed that he appears as an investor of the digital currency, while also allocated capital to other crypto projects such as Ethereum, Litecoin, Aave and Sushiswap.

In the “Delphi Podcast” program, disseminated in turn by Cryptoglobe, on March 25 Cuban commented on the following in relation to Bitcoin:

Cuban: “Bitcoin atraerá a más inversionistas”

As Cuban said during his participation in Uponly, Bitcoin will gradually attract investors in the gold market, and increase their capitalization pronounced once it is easier for people not familiar with cryptocurrencies to invest in the digital currency.

In this regard, he commented:

And I add:

Bitcoin and gold

Finally, Cuban says that the fact that Bitcoin constantly compares with gold, and shares the same narrative, ends up benefiting the digital currency as happened with the precious metal in other generations.

Around this idea, Cuban commented:

If you want to see the interview with Cuban in the Uponly program, you can do so:

Recommended readings:

Source: YouTube, Daily Hodl

Angel di Matteo / Diariobitcoin version

Image of Mark Cuban, by IG: @nicole_draw

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