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.
Stay informed with daily updates from Blockchain Magazine on Google News. Click here to follow us and mark as favorite: [Blockchain Magazine on Google News].
Disclaimer: Any post shared by a third-party agency are sponsored and Blockchain Magazine has no views on any such posts. The views and opinions expressed in this post are those of the clients and do not necessarily reflect the official policy or position of Blockchain Magazine. The information provided in this post is for informational purposes only and should not be considered as financial, investment, or professional advice. Blockchain Magazine does not endorse or promote any specific products, services, or companies mentioned in this posts. Readers are encouraged to conduct their own research and consult with a qualified professional before making any financial decisions.
About the Author: Editor's Desk
