BILLIONAIRE MARK CUBAN: I SEE GOLD AND BITCOIN AS BEING THE SAME THING

Last updated: June 19, 2025, 21:40 | Written by: Brad Garlinghouse

Mark Cuban, the outspoken billionaire owner of the Dallas Mavericks and star of Shark Tank, has a knack for making headlines, especially when it comes to his views on finance.Recently, he stirred up considerable debate by equating two seemingly disparate assets: gold and Bitcoin. Tech billionaire Mark Cuban, owner of the Dallas Mavericks, hates both gold and bitcoin, saying they re not viable alternatives to currency. I hate gold. Gold is a religion, Cuban toldWhile many see Bitcoin as a revolutionary digital currency and gold as a time-tested store of value, Cuban argues that they are fundamentally the same. American billionaire Mark Cuban has weighed in on the debate between Bitcoin and gold, claiming both assets are one and the same.This perspective, delivered with his characteristic bluntness, has sent ripples through both the cryptocurrency and precious metals communities. Mark Cuban, der Besitzer der Dallas Mavericks, sieht grundlegende hnlichkeiten zwischen Bitcoin (BTC) und Gold. Die entsprechenden u erungen machte Cuban in einem Interview mit Kitco News, das am 9. August ver ffentlicht wurde. W hrend Cuban hier wenig gute Worte f r Gold brig hat, siehtBut what exactly does he mean by this comparison? Billionaire investor Mark Cuban said bitcoin is not, and will never be, a hedge against inflation. Inflation hedge is just a marketing slogan for both gold and bitcoin, the Shark Tank star said.Is he advocating for Bitcoin, or is he simply disparaging gold?This article delves into Cuban's reasoning, exploring the similarities and differences he perceives between these two assets, and examines why he views both with a healthy dose of skepticism, although he concedes Bitcoin has a slight edge due to its finite supply.This isn't just about Cuban's personal opinion; it's about understanding a contrarian viewpoint on investments that often dominate financial discussions.

Mark Cuban's Stance: Hating Gold and Lumping Bitcoin with It

Cuban doesn't mince words when it comes to his feelings about gold. ""I hate gold,"" he declared in an interview with Kitco News, a precious metals news site. And the good news about Bitcoin is there s a finite supply that ll ever be created. Although Cuban believes that Bitcoin has an advantage over gold because of the finite supply, the billionaire is not a huge fan of both assets. Cuban said that he sees Bitcoin and gold as being the same thing. When asked about gold, Cuban said:He considers it a ""religion,"" suggesting that its value is based more on faith and tradition than on any inherent utility.This disdain extends, to a significant degree, to Bitcoin.While he acknowledges Bitcoin's finite supply as a potential advantage, he ultimately views it as sharing the same fundamental flaw as gold: a lack of intrinsic value.According to Cuban, both assets derive their value primarily from supply and demand, rather than any underlying economic productivity.

Cuban has stated that he sees gold and Bitcoin as essentially the same thing, namely collectibles. Mark Cuban, who made billions during the dotcom era, said in an interview last week with a gold news site that he couldn t see much separating the yellow metal from Bitcoin (BTC). Commenting on gold as an investment following the latest price surges, Cuban said: I see gold and Bitcoin as being the same thing.He doesn't see either as viable alternatives to currency, arguing they lack the stability and practical application required for everyday transactions.He further explains that neither functions as a real store of value in a crisis, using the example of Puerto Rico, where he doesn't envision people using gold bars to save their situation.While the finite supply of Bitcoin gives it a slight edge in his eyes, he is still wary of its long-term viability as an investment.

Why Does Mark Cuban See Gold and Bitcoin as Similar?

Cuban's comparison stems from his belief that both gold and Bitcoin are primarily driven by speculative demand.He argues that their value isn't rooted in any inherent utility or widespread adoption as a medium of exchange.Here's a breakdown of his reasoning:

Lack of Intrinsic Value: Cuban contends that neither gold nor Bitcoin produces anything tangible or generates cash flow.Their value is solely dependent on what someone else is willing to pay for them.
Speculative Demand: Both assets are prone to price volatility driven by investor sentiment and market hype.News events, social media trends, and fear of missing out (FOMO) can significantly impact their prices.
Store of Value Narrative: While both are often touted as stores of value, Cuban questions their effectiveness in preserving wealth during economic crises.He argues that liquidity and accessibility are more critical during such times.
Collectibles, Not Currencies: He sees both gold and Bitcoin more as collectible items, like artwork or rare stamps, than as actual currencies that can be used for everyday transactions.

Bitcoin's Advantage: The Finite Supply Argument

Despite his overall skepticism, Cuban concedes that Bitcoin has one key advantage over gold: its fixed supply.There will only ever be 21 million Bitcoins, whereas the amount of gold that can be mined is theoretically unlimited. American billionaire Mark Cuban says Bitcoin and gold are fundamentally the same thing, and that gold is a terrible investment. Mark Cuban, owner of the Dallas Mavericks professionalThis scarcity, Cuban acknowledges, could potentially make Bitcoin a more attractive investment in the long run.The limited supply protects against inflation, unlike gold where new discoveries can dilute the value.

How Does Bitcoin's Scarcity Affect Its Value?

The scarcity of Bitcoin is often cited as a key driver of its value. Find Billionaire Mark Cuban's email address, contact information, LinkedIn, Twitter, other social media and more. See how our latest enhancements enable you toHere's how it works:

Limited Supply: The Bitcoin protocol dictates that only 21 million Bitcoins can ever be created.
Increasing Demand: As awareness and adoption of Bitcoin grow, demand for the limited supply increases.
Price Appreciation: When demand exceeds supply, the price of Bitcoin tends to rise.
Inflation Hedge: Many investors view Bitcoin as a hedge against inflation because its supply is not controlled by central banks and cannot be easily inflated.

Why Cuban Still Remains Cautious

Even with Bitcoin's finite supply, Cuban remains cautious.He believes that widespread adoption as a currency is unlikely, and that its price will continue to be driven primarily by speculation.He also points out the volatility of Bitcoin, making it unsuitable for everyday use or as a reliable store of value.Other cryptocurrencies also introduce competition, while the complexities and security risks also raise questions.He would rather buy a pet rock, expressing his dislike for both assets with ""extreme prejudice.""

He is on record stating that Bitcoin is not, and will never be, a hedge against inflation.He feels that, like gold, this is just a marketing slogan. New York (Aug 11) Cuban, who owns the Dallas Mavericks NBA basketball team and is well-known for being on the TV show 'Shark Tank', framed his comments in the context of investing in collectibles, such as gold. The billionaire said that he hates gold as an investment, and considers bitcoin to be in a similar basket of assets that are based upon market supply and demand.Essentially, Cuban doesn't see them as viable alternatives to ""cold hard cash.""

Is Cuban Right? NBA 小牛隊老闆馬克・庫班認為比特幣和黃金本質上很像，都具有儲存價值，都是但比特幣比黃金好一些，因為有明確的總量限制。 NBA 達拉斯小牛隊的老闆馬克・庫班（Mark Cuban）最為人所知的，就是他在是在聯盟中最體恤球員的老闆，為了球隊，將自己的 200 人座的波音 757 飛機改裝成 60 人座，同時Exploring the Contrarian View

Cuban's perspective is certainly contrarian, especially in a world where Bitcoin is increasingly embraced by institutional investors and gold is still considered a safe haven asset by many.However, his arguments raise important questions about the true value and utility of these assets. Billionaire investor Mark Cuban has stirred the pot in the financial world by publicly endorsing Bitcoin as a more viable alternative to gold, particularly during economic crises. In a recent interview with Wired, Cuban articulated his belief that Bitcoin serves as a better version of gold, a statement that could reshape how investorsLet's examine some points to consider:

Arguments in Favor of Cuban's View:

Volatility: Both gold and Bitcoin have experienced significant price swings, making them risky investments.
Lack of Practical Use: Neither asset is widely used for everyday transactions.
Dependence on Sentiment: Their prices are heavily influenced by market sentiment and speculation.
Zero Yield: Neither asset generates income or dividends.

Arguments Against Cuban's View:

Store of Value: Gold has historically been a reliable store of value, particularly during times of economic uncertainty.
Inflation Hedge: Some argue that both gold and Bitcoin can protect against inflation, as their supply is limited.
Diversification: They can be used to diversify investment portfolios and reduce overall risk.
Technological Innovation: Bitcoin represents a groundbreaking technological innovation with the potential to disrupt the financial system.

The Role of Market Sentiment and Fear

A significant factor in the valuation of both gold and Bitcoin is market sentiment.Both assets can experience dramatic price fluctuations based on news events, investor confidence, and overall economic conditions.Fear, particularly fear of economic collapse or inflation, often drives investors to seek safe havens, which can inflate the prices of both gold and Bitcoin.While some see this as a validation of their role as stores of value, Cuban views it as further evidence of their speculative nature.

Many people who hold Bitcoin, the world's largest cryptocurrency, view it as a great store of value. Mark Cuban. Billionaire Mark Cuban: 'I See Gold and Bitcoin as Being the Same Thing'Cuban acknowledges that, but isn't convinced that either asset meets the criteria for true valuation. Billionaire owner the Dallas Mavericks Mark Cuban is very vocal on his opinion of both bitcoin and gold. He does not believe either are a viable alternative to cold hard cash.This valuation is determined by subjective factors, like an article written by an SEO copywriter, that influence whether people want to buy or sell Bitcoin and/or gold.

Practical Implications for Investors

So, what does this mean for investors?Should you sell all your gold and Bitcoin? I do not see gold as an alternative to currency. Not at all. Let s put it this way: I don t see people in Puerto Rico carrying around big bags of gold to try to save things. Cuban Hates Bitcoin With Extreme Prejudice Cuban said both gold and bitcoin derive their values from supply and demand, but have no inherent value.Not necessarily. Billionaire Mark Cuban: I See Gold and Bitcoin as Being the Same ThingCuban's perspective is a reminder to approach investments with a healthy dose of skepticism and to avoid getting caught up in hype and speculation.Here are some practical tips to consider:

Do Your Research: Understand the fundamentals of any investment before putting your money into it.
Assess Your Risk Tolerance: Consider how much risk you're willing to take and invest accordingly.
Diversify Your Portfolio: Don't put all your eggs in one basket.Diversify your investments across different asset classes.
Avoid Emotional Investing: Make rational decisions based on facts and analysis, not fear or greed.
Consider Long-Term Goals: Focus on your long-term financial goals and invest in assets that align with those goals.

How to Invest Wisely Based on Cuban's Philosophy

If you subscribe to Cuban's philosophy, you might prioritize investments that generate cash flow, such as real estate, businesses, or dividend-paying stocks.Alternatively, you might focus on assets that have inherent utility and are less susceptible to speculative bubbles. Many people who hold bitcoin the world's largest cryptocurrency view it the same way, as a great store of value, Cuban says.In a true economic crisis, bitcoin may even have an advantageThe key is to understand the risks and rewards of each investment and to make informed decisions based on your own financial situation and goals.

When it comes to Bitcoin vs. gold, Cuban would likely advise investors to focus on their individual risk tolerance and investment goals.He would emphasize the importance of understanding the speculative nature of both assets and avoiding emotional investing. Gold is a religion. There is some fundamental value to gold (implies a tiny amount with a gesture of his hand) but everything else, it's a collectable, I see gold and bitcoin as being the sameWhile he acknowledges Bitcoin's advantage due to its finite supply, he would still urge caution and a focus on investments with intrinsic value and cash flow potential.

Frequently Asked Questions

Does Mark Cuban own any Bitcoin?

While Cuban is skeptical of Bitcoin as an investment, he has stated in the past that he owns some Bitcoin.However, he emphasizes that it's a small portion of his overall portfolio and that he's not a ""Bitcoin maximalist.""

Does Mark Cuban recommend investing in gold?

No, Cuban has made it clear that he hates gold as an investment and does not recommend it.

What are Mark Cuban's preferred investments?

Cuban's investment preferences are diverse, but he generally favors investments that generate cash flow and have real-world utility.He has invested in a variety of businesses, real estate, and other assets.

How does Cuban's view differ from other investors?

Cuban's view differs from many investors who see gold as a safe haven asset and Bitcoin as a store of value and a hedge against inflation. Mark Cuban, an American businessman and the owner of professional basketball team the Dallas Mavericks, spoke about Bitcoin. Cuban compared Bitcoin to gold in a recent interview. In an interviewHe is more skeptical of both assets and believes that their value is primarily driven by speculation.

Conclusion: A Contrarian Perspective Worth Considering

Mark Cuban's perspective on gold and Bitcoin is certainly provocative, but it's also a valuable reminder to approach investments with a critical eye. Mark Cuban Is Skeptical of Both Gold and Bitcoin. Separately, Mark Cuban like Elon Musk is a bitcoin skeptic. In April 2025, Cuban boldly declared his hatred for both bitcoin and gold, saying they re not viable alternatives to currency. I see gold and bitcoin as being the same thing. They re book collectibles.While many investors see these assets as safe havens or revolutionary technologies, Cuban emphasizes their speculative nature and lack of inherent value.His contrarian view encourages investors to do their research, assess their risk tolerance, and diversify their portfolios.Whether you agree with him or not, Cuban's perspective provides a valuable counterpoint to the prevailing narrative and can help you make more informed investment decisions.Ultimately, understanding the nuances of both gold and Bitcoin, along with your personal financial goals, is key to navigating the complex world of investing.