Billionaire investor Mark Cuban has reiterated his support for Bitcoin, stating that it is more valuable than gold during economic downturns. In an interview with Wired, Cuban highlighted the advantages of Bitcoin as a store of value and a functional currency. He likened Bitcoin to gold as a safe haven asset, but emphasized that Bitcoin offers more practical advantages over gold. Cuban noted that Bitcoin is more portable and versatile, being easily transferred, divided into parts, and used in international transactions. His support for Bitcoin reflects its growing perception as a reliable store of value, although he acknowledged its volatility compared to gold. Financial experts advise caution when investing in cryptocurrencies due to their highly volatile nature. Cuban, who owns a significant amount of Bitcoin, remains optimistic about its potential.
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