When it launched in 2009, Bitcoin was lauded as the world’s first digital currency.
Speaking on The Delphi Podcast, Cuban explained that when it comes to Bitcoin being a digital currency, “It’s not going to work.” In his mind, “It’s too hard.
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It’s a safe bet — something you can buy today and be confident won’t lose value by the time you want to sell it.
The fact that Cuban sees Bitcoin as a store of value may surprise you, especially if you’ve been hearing about how risky the digital currency is.
Not only that, but there will be a constant and predictable supply of Bitcoin until the last one is mined in 2040.
It’s also durable, portable, and divisible — all qualities that make for a good store of value.
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On the other side, there are people who say that Bitcoin doesn’t have any inherent value and that this is a bubble that will burst.
If you’d bought Bitcoin at its first peak in 2017 and watched the price fall soon after, you probably wouldn’t think it was as safe as gold.
For now, there’s a slight difference between Bitcoin being a good investment and it being a good store of value.
Assuming it does, it’s easy to see why Mark Cuban would compare Bitcoin to gold.
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