{"id":457967,"date":"2021-03-04T01:00:03","date_gmt":"2021-03-04T01:00:03","guid":{"rendered":"https:\/\/uniquehot.com\/?p=457967"},"modified":"2024-06-11T10:19:50","modified_gmt":"2024-06-11T10:19:50","slug":"mark-cuban-gold-bitcoin-ethereum","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/mark-cuban-gold-bitcoin-ethereum\/","title":{"rendered":"Mark Cuban Slams Peter Schiff: Gold is Dead, Bitcoin and Ethereum Are Today"},"content":{"rendered":"<p>Mark Cuban hasn&#8217;t always been <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bananas-billionaire-shark-mark-cuban-calls-bitcoin-more-religion-than-solution\/\">the biggest fan of Bitcoin<\/a>, Ethereum, and other cryptocurrencies, but he&#8217;s recently come around as other Shark Tank investors have.<\/p>\n<p>Surprisingly, though, Cuban has come to the defense of the emerging technology, telling gold bug and vehement digital asset naysayer Peter Schiff that his precious metal is now dying as a store of value at the hands of the cryptocurrencies like Bitcoin and Ethereum.<\/p>\n<h2>Billionaire Shark Tank Investor Schools Peter Schiff On Crypto<\/h2>\n<p>It isn&#8217;t at all uncommon to find long-time gold bug Peter Schiff trashing cryptocurrencies ever chance he gets from his Twitter account soapbox. He&#8217;s even slammed his own son for buying Bitcoin in the past \u2013 an investment that <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/peter-schiffs-18-year-old-son-beats-gold-bug-at-own-game-with-bitcoin-buy\/\">proved dear old Dad very wrong<\/a>.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/bitcoinist.com\/wonderful-shark-tank-investor-shifts-portion-of-portfolio-to-bitcoin-and-ethereum\/\" target=\"_blank\" rel=\"noopener nofollow\">\u201cWonderful\u201d Shark Tank Investor Shifts Portion of Portfolio To Bitcoin and Ethereum<\/a><\/strong><\/em><\/p>\n<p>He took <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/94349830\" target=\"_blank\" rel=\"noopener nofollow\">a recent opportunity<\/a> to bash the asset class, surprised that &#8220;smart investors&#8221; on Wall Street were &#8220;dumb enough&#8221; to buy into Bitcoin and other digital assets, but was met with a sharp-tongued response from billionaire investor and entrepreneur Mark Cuban.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Let me help Peter. Gold is hyped as much as Crypto. Do we really need gold jewelry? Gold can make you a ring. BTC\/Eth are technologies that can make you a banker, allow friction free exchange of value and are extensible into an unlimited range of biz and personal applications <a href=\"https:\/\/t.co\/pJPdEAl5gq\" rel=\"nofollow\">https:\/\/t.co\/pJPdEAl5gq<\/a><\/p>\n<p>&mdash; Mark Cuban (@mcuban) <a href=\"https:\/\/twitter.com\/mcuban\/status\/44445703?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 2, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Cuban blasted back at Schiff offering his &#8220;help&#8221; in explaining the charm behind the emerging technology. According to Cuban, gold is dying as a store of value, because it cannot adapt and change to address the current or <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/chart-comparison-demonstrates-effectiveness-of-bitcoin-digital-gold-narrative\/\">future needs of society<\/a>. Bitcoin and Ethereum, however, can.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-457975 aligncenter\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/bitcoin-ethereum-shark-tank-kevin-oleary-980x454@2x.png?resize=860%2C398\" alt=\"bitcoin ethereum Shark Tank mark cuban\" width=\"860\" height=\"398\"><\/p>\n<pre style=\"text-align: center\">Bitcoin and Ethereum have recently turned Mark Cuban and other sharks into believers | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<h2>&#8220;Gold Is Dead,&#8221; And How Mark Cuban Came Around To Bitcoin And Ethereum<\/h2>\n<p><a href=\"https:\/\/uniquehot.com\/analysis\/btc\/mark-cuban-bitcoin-btc-is-a-digital-store-of-value\/\">Mark Cuban<\/a>, who knows a lot about tech revolutions starting from the ground up, says that the current use cases for crypto are just &#8220;proof-of-concept&#8221; and advances will change the asset class in the years to come. Meanwhile, gold will always stay exactly the same.<\/p>\n<p>The fact that these technologies have evolved over the past several years are what have won over the Shark Tank investor and <a href=\"https:\/\/bitcoinist.com\/wonderful-shark-tank-investor-shifts-portion-of-portfolio-to-bitcoin-and-ethereum\/\" rel=\"nofollow\">peers among his panel on the popular ABC primetime show<\/a>.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/overheard-on-cnbc-if-it-wasnt-for-bitcoin-gold-would-be-3k\/\">Overheard On CNBC: If It Wasn\u2019t For Bitcoin, Gold Would Be $3K<\/a><\/strong><\/em><\/p>\n<p>Cuban has recently become enamored <a href=\"https:\/\/uniquehot.com\/news\/non-fungible-tokens-nfts-are-the-next-big-thing-after-defi\/\">with NFTs<\/a>, Robert Herjavec is a &#8220;big believer&#8221; in the long-term future of the technology, and even Mr. Wonderful Kevin O&#8217;Leary <a href=\"https:\/\/bitcoinist.com\/wonderful-shark-tank-investor-shifts-portion-of-portfolio-to-bitcoin-and-ethereum\/\" rel=\"nofollow\">has moved a portion of his portfolio<\/a> into Bitcoin and Ethereum.<\/p>\n<p>As more high wealth investors become convinced in the cryptocurrency&#8217;s staying power, the more that are moving capital into the asset class. Gold, on the other hand, is still the same asset it always has been and is always going to be, and doesn&#8217;t need any further convincing.<\/p>\n<p>Rather than Peter Schiff attempting to convince investors why they shouldn&#8217;t buy crypto, perhaps he should be more focused on why they <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/overheard-on-cnbc-if-it-wasnt-for-bitcoin-gold-would-be-3k\/\">shouldn&#8217;t sell their dying store of value<\/a> \u2013 gold \u2013 instead.<\/p>\n<pre>Featured image from Deposit Photos, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Mark Cuban hasn&#8217;t always been the biggest fan of Bitcoin, Ethereum, and other cryptocurrencies, but he&#8217;s recently come around as other Shark Tank investors have. Surprisingly, though, Cuban has come to the defense of the emerging technology, telling gold bug and vehement digital asset naysayer Peter Schiff that his precious metal is now dying as a store of value at the hands of the cryptocurrencies like Bitcoin and Ethereum. Billionaire Shark Tank Investor Schools Peter Schiff On Crypto It isn&#8217;t at all uncommon to find long-time gold bug Peter Schiff trashing cryptocurrencies ever chance he gets from his Twitter account soapbox. He&#8217;s even slammed his own son for buying Bitcoin in the past \u2013 an investment that proved dear old Dad very wrong. Related Reading | \u201cWonderful\u201d Shark Tank Investor Shifts Portion of Portfolio To Bitcoin and Ethereum He took a recent opportunity to bash the asset class, surprised that &#8220;smart investors&#8221; on Wall Street were &#8220;dumb enough&#8221; to buy into Bitcoin and other digital assets, but was met with a sharp-tongued response from billionaire investor and entrepreneur Mark Cuban. Let me help Peter. Gold is hyped as much as Crypto. Do we really need gold jewelry? Gold can make you a ring. BTC\/Eth are technologies that can make you a banker, allow friction free exchange of value and are extensible into an unlimited range of biz and personal applications https:\/\/t.co\/pJPdEAl5gq &mdash; Mark Cuban (@mcuban) March 2, 2021 Cuban blasted back at Schiff offering his &#8220;help&#8221; in explaining the charm behind the emerging technology. According to Cuban, gold is dying as a store of value, because it cannot adapt and change to address the current or future needs of society. Bitcoin and Ethereum, however, can. Bitcoin and Ethereum have recently turned Mark Cuban and other sharks into believers | Source: BTCUSD on TradingView.com &#8220;Gold Is Dead,&#8221; And How Mark Cuban Came Around To Bitcoin And Ethereum Mark Cuban, who knows a lot about tech revolutions starting from the ground up, says that the current use cases for crypto are just &#8220;proof-of-concept&#8221; and advances will change the asset class in the years to come. Meanwhile, gold will always stay exactly the same. The fact that these technologies have evolved over the past several years are what have won over the Shark Tank investor and peers among his panel on the popular ABC primetime show. Related Reading | Overheard On CNBC: If It Wasn\u2019t For Bitcoin, Gold Would Be $3K Cuban has recently become enamored with NFTs, Robert Herjavec is a &#8220;big believer&#8221; in the long-term future of the technology, and even Mr. Wonderful Kevin O&#8217;Leary has moved a portion of his portfolio into Bitcoin and Ethereum. As more high wealth investors become convinced in the cryptocurrency&#8217;s staying power, the more that are moving capital into the asset class. Gold, on the other hand, is still the same asset it always has been and is always going to be, and doesn&#8217;t need any further convincing. Rather than Peter Schiff attempting to convince investors why they shouldn&#8217;t buy crypto, perhaps he should be more focused on why they shouldn&#8217;t sell their dying store of value \u2013 gold \u2013 instead. Featured image from Deposit Photos, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":457969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,78790,6664,4524,76835],"class_list":["post-457967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Mark Cuban Slams Peter Schiff: Gold is Dead, Bitcoin and Ethereum Are Today<\/title>\n<meta name=\"description\" content=\"Mark Cuban hasn&#039;t always been the biggest fan of Bitcoin, Ethereum, and other cryptocurrencies, but he&#039;s recently come around as other Shark Tank\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/mark-cuban-gold-bitcoin-ethereum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mark Cuban Slams Peter Schiff: Gold is Dead, Bitcoin and Ethereum Are Today\" \/>\n<meta property=\"og:description\" content=\"Mark Cuban hasn&#039;t always been the biggest fan of Bitcoin, Ethereum, and other cryptocurrencies, but he&#039;s recently come around as other Shark Tank\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/mark-cuban-gold-bitcoin-ethereum\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-04T01:00:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T10:19:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/bitcoin-gold-ethereum-mark-cuban-peter-schiff-Depositphotos_301656980_xl-2015-scaled.jpg?fit=2560%2C1709\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1709\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;The Bull&quot; 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. 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