Bitcoin is technology but gold ‘is dead,’ Mark Cuban tells Peter Schiff

Bitcoin (BTC) and Ether (ETH) are empowering but gold is “dead,” billionaire Mark Cuban has told one of cryptocurrency’s biggest naysayers.

In a Twitter debate on Mar. 2, Cuban, who has become increasingly sympathetic to crypto, warned Peter Schiff that gold “will die” as a store of value (SOV).

Cuban to Schiff: “Gold is dead, move on”

Schiff, a gold bug who has long made a name for himself as a firm Bitcoin skeptic, continues to tweet disparaging comments about the phenomenon despite BTC/USD regularly hitting new all-time highs.

Responding to remarks about Wall Street firms being “dumb” by buying it, Cuban offered a dose of surprisingly pro-Bitcoin medicine.

“Let me help Peter. Gold is hyped as much as Crypto. Do we really need gold jewelry? Gold can make you a ring,” one tweet reads.

“BTC/Eth are technologies that can make you a banker, allow friction free exchange of value and are extensible into an unlimited range of biz and personal applications.”

Continuing, he gave a stark verdict on the future of gold.

“What we are seeing built w/crypto today is just proof of concept. As tech continues to get better/cheaper/faster there will be new Title: Bitcoin is technology but gold ‘is dead,’ Mark Cuban tells Peter Schiff
Sourced From: cointelegraph.com/news/bitcoin-is-technology-but-gold-is-dead-mark-cuban-tells-peter-schiff
Published Date: Wed, 03 Mar 2021 10:30:22 +0000