Mark Cubanthe billionaire owner of Dallas Mavericks, bravely defended Bitcoin BTC/USD while scourging anyone who invests in gold.

What happened: In an episode of club coincidence Hosted podcast Bill Maherreleased late Sunday night, Cuban shared his views on investing – specifically why he believes investing in gold is a bad idea.

“I want bitcoin to go down a lot more so I can buy more,” he said. “If you’ve got gold, you’re bloody stupid,” he said.

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Cuban’s stance on bitcoin is a marked departure from Maher, who is “very anti-bitcoin” and prefers to invest his money in gold.

Cuban took a moment to tell Maher why gold is not the reliable hedge it is believed to be. He pointed out that while investors see value in gold, the asset is more about storing value than protecting it.

“You don’t own the bullion, and if it all went to hell in a hand basket and you had a bullion, you know what would happen? Someone would beat you up or kill you and take your bullion,” he said.

Maher pointed out that while gold is something that is “always worth something,” you can “always sell it,” bitcoin is not.

The Shark Tank host noted that investing in Bitcoin also works like stored value – but unlike gold, it offers investors real protection through its digital ledger. “It’s a digital transaction and stored value… So people perceive that there is value attached to gold, there is value attached to bitcoin.”

Price promotion: At the time of writing, Bitcoin was trading at $16,887, up 0.27% over the past 24 hours Benzinga Pro data.

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