This Mark Cuban’s prediction on Gold is shocking for markets
On March 2, Mark Cuban, the biggest critic of Cryptocurrency, said that Bitcoin and Ether are authorizing and gold is vanishing. He notified Peter Schiff that gold “will die” as a store of value.
Schiff had a huge name in the gold market and is a bit unsure about Bitcoin. He continues to pass belittle comments about the occurrence despite Bitcoin value being higher.
Cuban offered a pro-Bitcoin medicine dose responding to remarks about Wall Street firms being dumb if buying Bitcoin.
Cuban also says that Bitcoin and Ether make you a banker that allows free exchange of value in wide applications. He further added that as technology continues to grow, there will be new applications and it will get faster, cheaper, and better.
Cuban had given little time to Bitcoin and cryptocurrency more broadly. In January, he also revealed that he held some Bitcoins which he had never sold.
Schiff added that Gold was built on technology and it keeps improvising over time. He further said that cryptocurrency is malinvestment and gold can be the new digital currency in the future.
On Twitter, one trader said that he has spent a year performing transactions based on Schiff’s social media activity.
Schiff says that 65% of trades give a 3% average return, which is not profitable. Hence, he sarcastically wishes luck to everyone who is planning to invest in Blockchain.