Copy link
Increase text size
Decrease text size
Link copied

Billionaires Mark Cuban Barry and Sternlicht believe Bitcoin is better than gold

Unlike gold which can be mined almost indefinitely, there’s a maximum limit to how many BTC could be mined.

Fotka od Aaron Olson z Pixabay

Thu, 14 Oct 2021, 13:16 pm UTC

Earlier this week, JPMorgan Chase & Co CEO Jamie Dimon said in an interview that he believes Bitcoin (BTC) to be worthless. A few days later, two well-known billionaires challenged Dimon’s statement and even argued that BTC is better than gold.

Contrary to Jamie Dirmon’s skepticism over Bitcoin, Starwood Capital Group co-founder Barry Sternlicht revealed that he owns Bitcoin (BTC) and Ethereum (ETH). He views BTC as a store of value and inflationary hedge considering the money-printing activities of governments.

“Gold is kind of worthless too, and so is silver, I mean they have some industrial uses but they are minor,” Sternlicht said in an interview with CNBC’s Squawk Box on October 13. “The reason I own Bitcoin is because the U.S. government and every government in the western hemisphere is printing money now to the end of time.”

Sternlicht, who has an estimated net worth of around $4.4 billion, also revealed that he owns Ether (ETH), the world’s second-largest crypto by market cap. “Ether, I own some of that,” he said and liked ETH as a programmable version of BTC. “And there are tons of other coins that are built off of that system. I’ve become very interested in blockchain technology as a whole, which is going to change everything, we’re probably in inning one.”

Meanwhile, billionaire investor Mark Cuban also expressed his support for Bitcoin. Contrary to Dimon’s description of BTC as worthless, Cuban said that Bitcoin is “better gold than gold” in a recent interview with CNBC. Unlike gold which can be mined almost indefinitely, there’s a maximum limit to how many BTC could be mined.

Cuban also suggested ETH for investors new to the crypto space. “As an investment, I think ethereum has the most upside,” he said.

He added that he wished that he had bought Ether sooner. “I think it’s the closest we have to a true currency,” Cuban said.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Gilchris5
  • 2021.10.23 21:15:02
This is for persons seeking to recover all of their lost funds to online scams, you can contact Michael Murphy via the address--> [[email protected] repairman. com/ Whatsapp: +1 (925) 238 2217] for successful recovery and thank me later. I had my blockchain wallet spoofed by merciless rippers, due to lack of 2FA authorization, they were able to get away with my life time saving (6 BTC) from my wallet, this made me very sad and depressed as I was desperately in need of help, I made my research online and came across a very credible and reliable recovery agent on this page. The hacker whom I learned is a partner with chainalysis and audits of where your stolen funds end up helped me recover all I lost and also revealed the identity of the perpetrators, that's why I'm most appreciative and also sharing the contact. For anyone in a similar situation seeking to recover funds lost to online scams, contact the recovery specialist he will attend to it.
  • 0
  • ·
  • 0
  • west
  • 2021.10.18 06:17:21
I was searching for loan to sort out my bills& debts, then i saw comments about Blank ATM Card that can be use to hacked into Atm machine to withdraw money from any ATM machines around the world, I doubted this but decided to give it a try by contacting [email protected] OR +1 (659) 210‑0433 (Whats app)
they responded with their guidelines on how the card works. I was assured that the card can withdraw 3,000 Euro instant per day so i requested for one & paid the charges fee to obtain the card, after 3 days , i was shock to see the UPS agent in my resident with a parcel{card} i signed and went back inside and confirmed the card work's after the agent left. This is no doubts because i have the card & has made used of the card. This hackers are set to help people with financial freedom!! Contact this email if you wants to get rich with this Via: [email protected] OR +1 (659) 210‑0433 (Whatsapp)
  • 0
  • ·
  • 0
  • west
  • 2021.10.18 06:17:04
I was searching for loan to sort out my bills& debts, then i saw comments about Blank ATM Card that can be use to hacked into Atm machine to withdraw money from any ATM machines around the world, I doubted this but decided to give it a try by contacting [email protected] OR +1 (659) 210‑0433 (Whats app)
they responded with their guidelines on how the card works. I was assured that the card can withdraw 3,000 Euro instant per day so i requested for one & paid the charges fee to obtain the card, after 3 days , i was shock to see the UPS agent in my resident with a parcel{card} i signed and went back inside and confirmed the card work's after the agent left. This is no doubts because i have the card & has made used of the card. This hackers are set to help people with financial freedom!! Contact this email if you wants to get rich with this Via: [email protected] OR +1 (659) 210‑0433 (Whatsapp)
  • 0
  • ·
  • 0
  • Hollywolff
  • 2021.10.15 23:40:22
i came across the best credit Hacker out there called 760plus Credit score I do think is best to solve all credit issues they helped me to delete foreclosure, evictions and bankruptcy off my report; they are just reliable. They also increased my credit score from 610-806 credit score in less than 15days. They proved to best among all. They’re smart, fast and customer care friendly, contact team 760PLUS CREDIT SCORE AT GMAIL DOT CO /call them on +1 (304) 774 5902 for all kinds of Credit fix .
  • 0
  • ·
  • 0
More
  • Bitcoin (btc) $62,825.00 (-0.39%)
  • Ethereum (eth) $4,216.42 (+1.89%)
  • Binance Coin (bnb) $487.44 (+0.39%)
  • Tether (usdt) $1.01 (+0.46%)
  • Cardano (ada) $2.17 (+1.33%)
  • Bitcoin (btc) $62,825.00 (-0.39%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft