Billionaire Mark Cuban Gets Ready To Buy Bitcoin – Here’s When

It seems that the billionaire Mark Cuban is getting ready to buy Bitcoin. Here are more details about his decision below.

Shark Tank investor and Dallas Mavericks owner Mark Cuban says he’s looking to buy more Bitcoin (BTC). The catch is that he will not buy at the current prices.

In a new interview with Club Random podcast host Bill Maher, the billionaire says he continues to support Bitcoin and intends to buy more if it declines in value.

“I want Bitcoin to go down a lot further so I can buy some more.”

Cuban also says that he’s choosing Bitcoin over gold, a precious metal traditionally viewed as a hedge against fiat currency inflation.

“If you have gold, you’re dumb… No, it’s not a hedge against anything, right? What it is is a store of value and you don’t own the physical gold, do you? Gold is a store of value and so is Bitcoin…”

He continued and said the following:

“You don’t own the gold bar, and if everything went to hell in a handbasket and you had a gold bar, you know what would happen? Someone would beat… you or kill you and take your gold bar. What are you going to shave a little piece of gold so someone weighs it? It’s useless.”

Cuban has defended crypto against its critics in the past. He also did this last month after the fallout from the FTX collapse.

Regarding the price of Bitcoin today, at the moment of writing this article, BTC is trading in the red, and the king coin is priced at $16,865.

There are a lot of optimistic predicitons about the price of Bitcoin these days despite the disaster that involves FTX. Stay tuned for more news, and make sure to keep your eyes on the crypto market.