On Tuesday (March 2), American billionaire Mark Cuban explained to Bitcoin hater Peter Schiff why gold did not have a bright future as a store of value asset.
Cuban is the majority owner of the professional basketball team Dallas Mavericks, as well as one of the “sharks” on the highly popular reality show “Shark Tank” (which is aired on the ABC television network).
Peter Schiff, who is one of Bitcoin’s harshest critics, is the CEO of Euro Pacific Capital, a full-service, registered broker/dealer specializing in foreign markets and securities, and founder and Chairman of SchiffGold, a full-service, discount precious metals dealer.
Yesterday (March 1), Schiff expressed his frustration over the fact that Wall Street firms “now advocate buying Bitcoin” via the following tweets:
Cuban then decided to school Schiff on gold and explain to him why gold is past its prime (now that we have Bitcoin):
He then added:
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.