Marc Cuban has expressed via social media that Peter Schiff's attitude concerning Bitcoin is antiquated and he should "move on" because "gold is dead" as a store of value. Mr. Cuban's comments were presented in the vein of helping Mr. Schiff understand Bitcoin vs. Gold.
Peter Schiff has long lauded the virtues of gold, but Mr. Cuban appears to be suggesting that people such as Schiff are desperately clinging to an old system rather than embracing the impending and inevitable changes on the horizons of finance.
In light of so many political idiocies flooding social media and confusion and fear associated with an unknown future by the old guard, it stands to reason that the offence for gold supporters is not just to dismiss crypto but to attack it.
Mr. Schiff has gone so far as to imply that his fellow investors that are buying Bitcoin are "dumb". He also has insinuated that crypto advocates and investors are part of a cult. Hmm. Golden idols aside- wait... Golden idols?
Mr. Cuban once didn't feel Bitcoin was a good idea. He's a billionaire that has made money from technology. He has a adapted and changed his view as people do when they learn and grow.
Mr. Schiff, on the other hand, seemingly makes a proposition that buying from his eponymous pile of rocks is a more sensible means of having financial freedom and wealth. Will he, too, eventually follow this Bitcoin cult?
