US billionaire Mark Cuban has talked in the Club Random podcast about investing in Bitcoin and gold.
The podcast host, Bill Maher, is an opponent of BTC and believes in the value of the precious metal. In response, Cuban has called those who invest in gold “fucking stupid.”
According to him:
“I want Bitcoin to drop lower so I can buy some more.”
Cuban has also criticized Maher’s claim that gold is a hedge against inflation and other risks. According to him, buying a precious metal does not mean owning a physical bullion.
Cuban has added:
“This is a digital transaction that proves ownership. Do you know what would happen if you had a gold bar in your hands? Someone would have beaten you to a pulp or killed you to take it.”