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Cryptopolitan 2025-01-09 08:18:59

Mark Cuban says he’d rather own Bitcoin in a recession than gold

Mark Cuban says he’d rather own Bitcoin in a recession than gold

Mark Cuban, the billionaire investor, has a simple message for anyone preparing for economic turmoil: forget gold, buy Bitcoin. He believes Bitcoin is the modern-day answer to storing value during a crisis, making gold look like a relic from a museum. “People look at Bitcoin as a better version of gold,” Mark said in an interview , doubling down on his belief that the apex crypto is more practical, portable, and valuable in today’s world. For him, gold’s reputation is outdated, and Bitcoin is here to take its place. Bitcoin wins on portability and functionality Sure gold might hold value during a financial collapse, but it’s inconvenient as hell. Mark points out the obvious: gold bars are heavy, hard to divide, and ridiculously easy to steal. “People aren’t going to walk around with gold bars,” he joked. “Oh, look, he owns gold. Bam! Now I own gold.” Bitcoin, on the other hand, doesn’t have these problems. It’s digital, lightweight, and easy to divide into smaller amounts. Mark explained, “It’s easier to buy and sell. You can fractionalize it, you can buy things, you can transfer it internationally. And so I think it has more value than gold.” This makes Bitcoin not just a store of value but a functional currency that can be used anywhere, anytime. Investors who hold gold often talk about it as a hedge. They see it as protection against inflation or economic instability. But Mark isn’t convinced. Gold’s track record isn’t spotless, and its value fluctuates like anything else. In extreme cases, like the collapse of the US dollar, gold might keep you from losing everything. But even then, Mark argues, its physical nature makes it a hassle. Still, Bitcoin isn’t without risks. Its value is tied to investor demand, which makes it volatile. Mark knows this but doesn’t seem worried. When asked how much Bitcoin he owns, his answer was simple: “A lot.” Economic projections and Bitcoin’s role The US economy isn’t on the verge of collapse, but the fear of a recession is always there. Current projections show modest growth for 2025, with the Conference Board estimating a 2.0% increase in GDP. Goldman Sachs is slightly more optimistic, forecasting 2.5% growth, thanks to strong consumer spending and a resilient job market. Unemployment is expected to stay low at around 4.2%, with monthly job growth averaging 150,000. These numbers suggest stability, but inflation and market volatility remain concerns. Goldman Sachs predicts core PCE inflation will stabilize at 2.1% by the end of 2025. But of course, the Federal Reserve isn’t expected to cut interest rates anytime soon this year. From Zero to Web3 Pro: Your 90-Day Career Launch Plan

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Market Cap
24h Vol
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