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

Source Cryptopolitan

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 For him, gold’s reputation is outdated, and Bitcoin is here to take its place.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.

A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Bull Run at Risk as Whales Sell and Retail Buys In LateThe tug of war between Bitcoin bulls and bears since the asset reached its all-time high of $122,054 on July 14 has kept prices largely rangebound. 
Author  Beincrypto
Aug 08, Fri
The tug of war between Bitcoin bulls and bears since the asset reached its all-time high of $122,054 on July 14 has kept prices largely rangebound. 
placeholder
Gold Price Forecast: XAU/USD remains capped under $3,400 ahead of US inflation dataThe Gold price (XAU/USD) attracts some sellers to near $3,390 during the early Asian session on Monday.
Author  FXStreet
5 hours ago
The Gold price (XAU/USD) attracts some sellers to near $3,390 during the early Asian session on Monday.
placeholder
EUR/USD holds gains around 1.1650 due to cautious tone surrounding ECB outlookEUR/USD edges higher after registering losses in the previous session, trading around 1.1650 during the Asian hours on Monday.
Author  FXStreet
5 hours ago
EUR/USD edges higher after registering losses in the previous session, trading around 1.1650 during the Asian hours on Monday.
placeholder
Ethereum Surges Past $4,300 as Markets Await Pivotal CPI DataOver the weekend, Fed Vice Chair Michelle Bowman’s unexpected remarks fueled Ethereum’s surprise rise.
Author  Beincrypto
4 hours ago
Over the weekend, Fed Vice Chair Michelle Bowman’s unexpected remarks fueled Ethereum’s surprise rise.
placeholder
Top 3 Price Prediction: BTC nears record highs, ETH and XRP follow suitBitcoin (BTC), Ethereum (ETH), and Ripple (XRP) kicked off the week on a bullish note, with BTC inching closer to its record high of $123,218.
Author  FXStreet
3 hours ago
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) kicked off the week on a bullish note, with BTC inching closer to its record high of $123,218.
goTop
quote