Billionaire Mark Cuban announces plans to buy BTC at lower prices

If during a bull cycle many people often say that BTC will continue to rise and there is only debate about how high the flagship digital asset will reach, then at the moment we are seeing a completely different picture.

Cryptocurrency experts, investors and other enthusiasts are discussing the topic of when exactly the bearish phase will end and the market will finally go in the opposite direction. Many see different signals for the start of a bull cycle, as analysts at Glassnode did . The other part says that we will still be in crypto winter for a while.

This time, investor Mark Cuban expressed his opinion, who spoke about his slowness in investing in bitcoin. According to Cuban, the main digital asset will still continue its decline.

Mark visited comedian Bill Maher's Club Random podcast. The CEO of the Dallas Mavericks Basketball Club has revealed that he has a strong interest in buying the flagship crypto asset, but so far he has been slow to move forward.

According to Mark Cuban, the crypto winter is not over yet and we can see a further drop in BTC. The owner of the Dallas Mavericks was also critical of gold holders. The billionaire believes that bitcoin prevails over the precious metal as a defensive asset. He said that if people are buying gold to hedge against inflation, they are incredibly dumb.

In a podcast with Bill Maher, Cuban focused on bitcoin and called the asset a great investment. Despite this, he believes that it is wrong to encourage people to buy cryptocurrencies. Everyone must make their own choice.

The billionaire also couldn't help but comment on the recent collapse of FTX. According to him, nowadays “you need to be able to separate the signal from the noise.”

Mark Cuban has not always been skeptical about bitcoin. However, the multi-billionaire investor now believes that gold is an outdated and highly irrelevant system for making investments. Bitcoin fits this role much better. In addition, it is a great alternative for any type of investment and should be considered like any other asset class.

At the time of writing, the flagship digital asset stands at $16,800.