{"id":9424,"date":"2022-12-27T23:32:57","date_gmt":"2022-12-27T23:32:57","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=9424"},"modified":"2022-12-27T23:32:58","modified_gmt":"2022-12-27T23:32:58","slug":"if-you-have-gold-youre-dumb-as-fuck-just-get-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=9424","title":{"rendered":"\u2018If you have gold, you\u2019re dumb as fuck&#8230; Just get Bitcoin.\u2019"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Arguments over whether gold or Bitcoin (BTC) is a better store of value continue to occur across the cryptocurrency space and in traditional investment circles.<\/p>\n<p>On the latest episode of Bill Maher\u2019s <em>Club Random <\/em>podcast, which aired on Dec. 26, billionaire owner of the Dallas Mavericks Mark Cuban advocated for Bitcoin being a better store of value than gold.\u00a0<\/p>\n<p>In response to Maher openly admitting that he is \u201crooting against Bitcoin,\u201d Cuban chimed in with a cheeky agreement, remarking, \u201cI want Bitcoin to go down a lot further so I can buy some more.\u201d\u00a0Cuban went on to offer some friendly chastisement to Maher, saying, \u201cIf you have gold, you\u2019re dumb as fuck,\u201d before encouraging him to \u201cjust get Bitcoin.\u201d<\/p>\n<p> The two then discussed the pros and cons of both asset categories, with the billionaire stating that gold \u201cis not a hedge against anything,&#8221; while hammering home to Maher, \u201cYou don\u2019t own the physical gold, do you?\u201d<\/p>\n<p>Speaking to Cointelegraph, Cuban confirmed he does indeed own more Bitcoin than gold, even going a step further to admit, \u201cYes. I don\u2019t own any gold.\u201d However, while Cuban told Cointelegraph that he personally chooses to self-custody, he disagreed with the idea that people who do not hold their own coins or gold are necessarily asking for trouble. When it comes to safely storing assets of value, he said:<\/p>\n<p>\u201cIt depends on where. If the custody host lends out the gold or crypto for any reason, then there is significantly more risk. If you don\u2019t self-custody, I would make sure it\u2019s a regulated entity that has required controls and liquidity minimum requirements\u201d<\/p>\n<p><strong>Related:\u00a0<\/strong><strong><em>Russia&#8217;s largest bank issued gold-backed digital financial assets<\/em><\/strong><\/p>\n<p>On Oct. 25, Cointelegraph reported that Bitcoin\u2019s growing correlations with gold, the S&amp;P 500 and the Nasdaq 100 indicated that a growing number of investors see BTC as a \u201crelative safe haven.\u201d\u00a0<\/p>\n<p>According to digital strategists at the Bank of America, the rise in the correlation between Bitcoin and gold is one of the major indicators demonstrating investors\u2019 confidence in BTC amid the ongoing economic downturn.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/mark-cuban-to-bill-maher-if-you-have-gold-you-re-dumb-as-fuck-just-get-bitcoin\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arguments over whether gold or Bitcoin (BTC) is a better store of value continue to occur across the cryptocurrency space and in traditional investment circles. On the latest episode of Bill Maher\u2019s Club Random podcast, which aired on Dec. 26, billionaire owner of the Dallas Mavericks Mark Cuban advocated for Bitcoin being a better store [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-9424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9424"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9424\/revisions"}],"predecessor-version":[{"id":9426,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9424\/revisions\/9426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/9425"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}