Renowned Basketball Team Owner Says That he Sees Bitcoin and Gold as The Same

A billionaire and owner and owner of the Dallas Mavericks professional basketball team, Mark Cuban had issued a statement saying that be dislikes gold as a form of investment and sees Bitcoin and Gold as the same thing.  

Cuban mentioned this in an interview with Kitco News on August 9. He also made a reference to Bitcoins as having a limited supply, which in his view was awesome and added more to its value. “They’re both collectibles. The value is based on supply and demand. And the good news about Bitcoin is there’s a finite supply that’ll ever be created.”  

He expressed his deeply rooted prejudice for the precious metal while and expressed totally, his view of it. He specifically said: "Hate with extreme prejudice is not enough. Hate with double-extreme prejudice with an ounce of hot sauce.”  

Gold vs. digital gold  

It is still unclear how the term "digital gold," which refers to Bitcoin had gained this much recognition in the space. However, going back in time in a bid to retrace its origin, we could legitimately refer to a time when The New York Times journalist Nathaniel Popper published his book “Digital Gold” back in 2015. Seeing that Bitcoin had successfully rivaled the precious metal, the name stuck.