US Billionaire: "Bitcoin is Better than Gold... Excellent for Risk Hedging"

Mark Cuban, a well-known proponent of Bitcoin (BTC) and a US billionaire, expressed his opinion that Bitcoin is excellent for hedging against economic risks.

On the 8th (local time), according to CNBC, Mark Cuban stated in an interview with Wired, "Bitcoin is one of the newest forms of currency. Many investors currently regard Bitcoin as akin to gold."

Cuban conveyed that investors think of Bitcoin as a risk-hedging tool similar to gold. He explained, "When people buy gold, they don't think of it as jewelry. People accumulate gold as a means to prepare for economic downturns or other adverse events," adding, "Bitcoin holders also see Bitcoin as an excellent store of value."

Furthermore, Cuban pointed out the disadvantages of gold, such as ▲ low portability, ▲ risk of theft, and ▲ difficulty in bartering, and expressed his opinion that Bitcoin is better than gold. He stated, "Bitcoin allows for small transactions and has excellent portability. Personally, I believe that in a real economic crisis, Bitcoin will be a better means than gold."