2/20/2023 0 Comments Amazon bitcoin stock![]() ![]() Gold is a store of value as you are storing gold for future use as a metal. Gold bug Peter Schiff chimed in, telling Cuban: “Mark, you can’t store what you don’t have. I said BTC is like gold, it’s a store of value with no other utility. After discussing bitcoin as a store of value, the Shark Tank star reiterated his stance: Comparing them to stocks is an apples to oranges comparison,” he explained to Cuban. They are like owning a piece of the early Internet. Cryptos like BTC and ETH are networks, they are definitely not stocks or shares of a company. Several people on Twitter view Cuban’s comment as bullish for BTC and ETH.Īmong the commenters was Tyler Winklevoss, co-founder of Gemini cryptocurrency exchange, who argued that cryptocurrencies are not like stocks. It has also been retweeted over 1.7K times and liked more than 10.8K times. My advice? Learn how to hedge,” he elaborated.Īt the time of writing, his tweet has garnered 895 comments. “Along the way, many fortunes will be made and lost and we find out who has the stomach to hodl and who doesn’t. I think BTC, ETH, a few others will be analogous to those that were built during the dot-com era, survived the bubble bursting and thrived, like AMZN, Ebay, and Priceline. Watching the cryptos trade, it’s exactly like the internet stock bubble. ![]() The owner of the National Basketball Association’s (NBA) Dallas Mavericks tweeted: Shark Tank star Mark Cuban compared what he feels is a bubble in bitcoin to the dot-com bubble on Monday after the price of the cryptocurrency took a nosedive. Mark Cuban Likens Crypto to Dot-Com Bubble ![]() He says bitcoin and a few other cryptocurrencies are analogous to those dot-com stocks, like Amazon and Ebay, that survived the bubble burst and thrived. Billionaire Shark Tank investor Mark Cuban sees cryptocurrency “exactly” like the dot-com bubble. ![]()
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