Shark Tank’s Mark Cuban Talks “Betting on Bitcoin & Gold”

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Shark Tank's Mark Cuban Talks "Betting Bitcoin, Gold & Ethereum"

Robert Herjavec is not the only investor from Shark Tank that has spoken about the Bitcoin cryptocurrency. Mark Cuban has a different outlook on Bitcoin. Robert Herjavec appeared to be bullish on Bitcoin when he was interviewed about a month ago. Recently, Mark Cuban explains he is bearish on Bitcoin and goes to compare Bitcoin to Gold, which he feels is not a safe bet.

What Does Shark Tank’s Mark Cuban Say About “Betting on Bitcoin & Gold”?

Mark Cuban goes onto say that the “Safest Bet Is To Pay Off Student Loans Or Keep Your Money In A Bank Account.” found this interesting based on the level of aggression the Shark shows when investing in small companies. Interestingly, Gold is up over two percent in the last fiscal quarter, while Bitcoin has had it’s worst quarter ever. “I see Gold And Bitcoin As Being The Same Thing” Mr. Cuban allegedly says early in the interview.

Mark Cuban feels that Bitcoin and Gold are “both collectibles.” Ultimately, this means that the value of an ounce of Gold or one Bitcoin is based on the supply and the demand. In contrast to Mr. Cubans bearish view on Bitcoin, he says “The good news about bitcoin is that there’s a finite supply that’ll ever be created, and the bad news about gold is that they’ll keep mining more.”

The exciting thing about Shart Tank’s Mark Cuban’s opinion on Bitcoin is that he appears to hold it in higher regard than one year ago. In the summer of 2017, Mark Cuban allegedly said that the planets leading digital currency are a “Bubble.” Later in 2017, it appeared that The Sharks opinion had changed. He was interviewed in the fall of 2017 and reportedly said that blockchain and cryptocurrencies are part of the future of the global economy.

The Guide To Getting Rich

In an article from Kitco, Mark Cuban allegedly spoke about a “Guide to Getting Rich,” which, he called “high-risk” assets. He reportedly went onto to saying some investors may want to put approximately ten percent of their investment portfolio in Bitcoin or Ethereum. In contrast, he allegedly went onto say if you want to sleep well at night, you may want to put your money in a bank account.
Shark Tank's Mark Cuban Talks "Betting Bitcoin, Gold & Ethereum"

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Shark Tank’s Mark Cuban Appears To Like “Betting on Bitcoin & Ethereum”?

According to the Kitco interview, later in 2017, The Shark Tank’s Mark Cuban invested in an ICO (Initial Coin Offering) and a virtual currency hedge fund. Then in 2017, he went onto to put his money in Ethereum-based cryptocurrency Mercury Protocol. Besides, being one of the largest investors in the United States, Shark Tank’s Mr. Cuban also owns The Dallas Mavericks, an NBA basketball team. Supposedly, The Dallas Mavericks will start to accept Bitcoin next NBA basketball betting season.

Shark Tank is one of the most popular American television shows on TV. It promoted entrepreneurship and disciplined investing, not gambling your money away. The Shart Tank features Mark Cuban, Robert Herjavec, Lori Greiner, Kevin O’Leary, Daymond John and Barbara Corcoran.

Donald Sloto

Donald Sloto

Donald Sloto grew up in Montreal Canada and has been in the casino gambling business for almost his entire life. He has watched his father work at the Montreal Casino where he has learn a great deal about slot machines, playing poker for real money and several other games. He writes part time for the review and gambling news website.


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