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Gold and Bitcoin are equally worthless - Mark Cuban
Published period: April 9, 2018 14:57
Edited Time: 10 April, 2018 09:14
Gold and Bitcoin are equally worthless - Mark Cuban
© Matthew Emmons / Reuters
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Tech billionaire Mark Cuban said he hates both gold and bitcoin. According to the owner of Dallas Mavericks, they are not an effective alternative to currency, which is the loan-for-loan method.
"I hate gold, I am a religion of gold", in an interview with Billitie Kitco News. "As an investment, hate is not strong enough. Hate with extreme reactions as an investment, hate with extreme hostility is not enough,
He also said that precious metals and virtual currencies mostly are known for the same thing and the "repository" of the property, explains that both gold and bitcoin are based on supply and demand.
The Cuban media said, "The good news about Bitcoin is that there is a limited supply and the bad news about gold is that they will keep more mines".
Before retailers risk their risks or risk-closing resources, retail investors will advise them to get their home. Cuban said, "The best investment you can make is to close your credit card, pay any of your debts".
"If you have a student loan with 7% interest rate, you are doing 7% of the debt you pay, your immediate return, which is safer than choosing a stock or choosing real estate, or whatever," the investor Said
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