Investing in cryptocurrency tries to sleep and may look risky compared to true bars. However, despite some recent dips, bitcoin is still near the record height, which is with a current price of about $ 94,000 as February 24, 2025.
It is no wonder that bitcoin bulls are happening faster, including billionaire entrepreneur Mark Cuba. For a long time, bitcoin enthusiasts once said that he would buy the property “throughout the day” property on gold, and recently claimed that it is a better version of gold in the time of crisis or economic uncertainty.
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Cuba stated that their priority for bitcoin is partially stems from its supply and demand mobility. Crypto has a hard cap set in 21 million coins, currently about 19.5 million in circulation. “Gold is not based on jewelry supply and demand. People see it as an alternative in the event of an economy or something bad is happening, ”he said.
So it is what Cuba thinks, but what about other experts in the region? Let’s find out the three separate Cuban on bitcoin.
Cuba is right
“Of course, I will buy bitcoin before buying gold,” said Trever Filter, co-founder of digital payments platform Flexa. He said that the investment of bitcoin is the real utility behind its ability, and it is probably the most promising assets for the price digitizing value today.
Many other experts resonated Bhavna, such as Austin Alexander, co-founder of Latvo Labs, who argued that bitcoin is better than sleeping because it is more divisible and more broadcast, durable, rare and portable.
“With bitcoin, you can originally take about 1 billion dollars using whatever you remember in the context of your seed phrase,” he said. “To ship a large amount of gold, you basically need an armda for protection, and it becomes very, very expensive.”
Of course, Cuban mentioned the scatter aspects have also been agreed by experts who said that there is a lot of reverse from the attitude of investment.
Cuba said in the interview, “The more people buy and the few people sell, which means the price is going to go up.” “This is a big store of value, which is why I have an investment in it, you know, because I think the demand is going to exceed the number of people selling people.”
And other experts argue that gold is an investment of the past, while bitcoin is “Gold 2.0”.
According to Bitcoin University founder and author of “The Book of Bitcoin”, Gold was the best retail investment of the 19th century, Real Estate was the best retail investment of the 20th century, while Bitcoin is the best retail investment of the 21st century.
“Why? You can take it anywhere in the world, for free- there is no holding cost, no management fee, appreciation is unlimited, and proven,” said Smart. ” Is the right investment.
Cuba’s partially correct
Lucas Keli, Chief Investment Officer of the Digital Wealth Platform Yield App, said that some investors now consider bitcoin as a better option to sleep.
For example, he said, it has seen a very strong value growth – 44% per year at 2% of gold in the last decade. It is also often considered a better hedge against inflation, making it the title “Digital Gold”.
“However, bitcoin is also quite unstable,” he said. “While the gold has been relatively stable since the 1980s, the price of bitcoin increased by about ten times between January 2020 and the final permission in April 2021, and then fell by 53% next month.”
In turn, he argued that there are advantages and disadvantages of bitcoin and gold. The amount that each investor allocates to each will depend on their goals, time limits and appetite of risk.
“Bitcoin is a high -risk investment and a balanced investment will fit a different risk bracket in portfolio,” he said.
Buying both bitcoin and gold is right
When there is a true economic crisis, Cuba feels that bitcoin will benefit a minor advantage. He said, “People see bitcoin as a better version of gold, and I agree with it.”
However, some experts note that it is either not a decision. For example, the market strategist of the World Gold Council Joe Cavatone said that there is no performance of any switch trades between gold and bitcoin.
“We are more focused on the instability of bitcoin and how it makes a case for a safe shelter property, such as gold,” he said. “If you are adding risk to your portfolio by adding bitcoin, an increased allocation of gold can help save that risk – it does not need to be on each other, these assets are not competing against each other and the matter of investment is different.”
Finally, some experts stated that Cuba is correct in its assessment – in the current economic scenario of falling inflation.
“Gold is a difficult asset that is usually held as a rescue against inflation,” said the former Chief Economist for Thomas Hogan, PhD, Faculty of Senior Research, American Economic Research Institute, and American Senate Committee on banking, housing and urban affairs. “The price of gold increased during the epidemic recovery, but with the fall of inflation, it is not expected to be highly appreciated in the coming years.”
Catilin Moorehead contributed to reporting for this article.
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This article originally appeared on Gobankingrates.com: Mark Cuban said that he would buy bitcoins on ‘every day’ every day – will other experts agree?
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