Mark Cuban says gold buyers are ‘dumb as f—,’ sparking a gold vs. bitcoin spat with Peter Schiff
Happy New Year! And what a year it has been for bitcoin and its ilk. This is Mark DeCambre, Editor in Chief at MarketWatch.
Those are just some of the questions we’ll hope to tackle pointedly and succinctly in this installment of Distributed Ledger.Of course, find me on Twitter at @mdecambre and at MarketWatch at [email protected]. In an appearance on comedian Bill Maher’s ”Club Random” podcast, that aired on Dec. 25, Cuban, offered his unfiltered view of gold GC00 versus bitcoin.The owner of the NBA’s Dallas Mavericks added: ”It’s not a hedge against anything…what it is is a store of value. Gold is a store of value and so is bitcoin,” he said.
According to the complaint made public on Tuesday in Manhattan federal court, Eisenberg’s trades in futures related to Mango’s crypto token MNGO enabled him to withdraw $110 million in crypto from other investors’ deposits, with no apparent intention to repay the funds.However, U.S. prosecutors believe otherwise.
In the summer of 2021, when Solana Labs raised $314.2 million from prominent investors like Andreessen Horowitz, Alameda Research, a crypto hedge fund founded by Bankman-Fried, invested heavily into the project. Bankman-Fried also created a decentralized ecosystem called “Serum” on Solana. He sees real momentum for bitcoin taking hold in 2025 when mass adoption of owning it propels the digital asset.
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