{"id":193011,"date":"2021-03-03T13:30:22","date_gmt":"2021-03-03T10:30:22","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-is-technology-but-gold-is-dead-mark-cuban-tells-peter-schiff\/"},"modified":"2021-03-03T13:30:22","modified_gmt":"2021-03-03T10:30:22","slug":"bitcoin-is-technology-but-gold-is-dead-mark-cuban-tells-peter-schiff","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-is-technology-but-gold-is-dead-mark-cuban-tells-peter-schiff\/","title":{"rendered":"# Bitcoin is technology but gold &#8216;is dead,&#8217; Mark Cuban tells Peter Schiff"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3df61cb8f20\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3df61cb8f20\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-is-technology-but-gold-is-dead-mark-cuban-tells-peter-schiff\/#Cuban_to_Schiff_%E2%80%9CGold_is_dead_move_on%E2%80%9D\" >Cuban to Schiff: &#8220;Gold is dead, move on&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-is-technology-but-gold-is-dead-mark-cuban-tells-peter-schiff\/#If_you_cant_beat_em_trade_em\" >If you can&#8217;t beat &#8217;em, trade &#8217;em<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin is <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> but gold &#8216;is dead,&#8217; Mark Cuban tells Peter Schiff <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Bitcoin (BTC) and Ether (ETH) are empowering but gold is &#8220;dead,&#8221; billionaire Mark Cuban has told one of cryptocurrency&#8217;s biggest naysayers.<\/p>\n<p>In a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mcuban\/status\/1366787249644445703\">Twitter debate<\/a> on Mar. 2, Cuban, who has become increasingly sympathetic to crypto, warned Peter Schiff that gold &#8220;will die&#8221; as a store of value (SOV).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cuban_to_Schiff_%E2%80%9CGold_is_dead_move_on%E2%80%9D\"><\/span>Cuban to Schiff: &#8220;Gold is dead, move on&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Schiff, a gold bug who has long made a name for himself as a firm Bitcoin skeptic, continues to tweet disparaging comments about the phenomenon despite BTC\/USD regularly hitting new all-time highs.<\/p>\n<p>Responding to remarks about Wall Street firms being &#8220;dumb&#8221; by buying it, Cuban offered a dose of surprisingly pro-Bitcoin medicine.<\/p>\n<p>&#8220;Let me help Peter. Gold is hyped as much as Crypto. Do we really need gold jewelry? Gold can make you a ring,&#8221; one tweet reads. <\/p>\n<blockquote><p>&#8220;BTC\/Eth are technologies that can make you a banker, allow friction free exchange of value and are extensible into an unlimited range of biz and personal <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications.&#8221;<\/p><\/blockquote>\n<p>Continuing, he gave a stark verdict on the future of gold.<\/p>\n<p>&#8220;What we are seeing built w\/crypto today is just proof of concept. As tech continues to get better\/cheaper\/faster there will be new applications and maybe even something that supersedes what we know as crypto today,&#8221; a further post says. <\/p>\n<blockquote><p>&#8220;But Gold won&#8217;t ever change. Which is why it will die as a SOV.&#8221;<\/p><\/blockquote>\n<p>Cuban had formally given little time to Bitcoin or cryptocurrency technology more broadly, sparking a concerted effort among proponents to persuade him to reconsider. In January, he revealed that he still had holdings from years ago which he had &#8220;never sold.&#8221;<\/p>\n<p>&#8220;Don&#8217;t forget, Gold was a SOV built on technology. From picks and shovels to mining operations that keep trying to improve. Whoever could use the tech of the day to find and mine the most efficiently was the most rewarded. Much like Crypto is today,&#8221; a final message to Schiff concludes.<\/p>\n<blockquote><p>Gold is dead Peter. Move on.&#8221;<\/p><\/blockquote>\n<p>Schiff had little to counteract his words, calling cryptocurrency a &#8220;malinvestment&#8221; and arguing that gold could back digital currency in future.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-03\/e22744d3-4305-4cca-9f35-183d1f98b4fb.png\"><figcaption style=\"text-align: center;\"><em>XAU\/BTC 1-day candle chart. Source: Tradingview<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"If_you_cant_beat_em_trade_em\"><\/span>If you can&#8217;t beat &#8217;em, trade &#8217;em<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Meanwhile, Schiff&#8217;s years of scorn have found a new, more productive purpose. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-03\/ec4b171e-7b43-4f7d-bbb8-196e7326c998.jpeg\"><figcaption style=\"text-align: center;\"><em>Peter Schiff-inspired BTC trading algorithm chart. Source: Sam Baker\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>As many joke that his Twitter posts serve as an indication of Bitcoin price bottoms, one trader revealed a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/macromule\/status\/1366840688709488640\/\">homemade trading tool<\/a> that has spent a year performing transactions based solely on Schiff&#8217;s social media activity.<\/p>\n<p>&#8220;Since May, the algorithm would have executed 203 trades, achieving an annualized return of ~1000%,&#8221; Sam Baker, a student at Boston College said, uploading a sample of its profits. <\/p>\n<blockquote><p>&#8220;65% of trades are profitable with a 3% average return.&#8221;<\/p><\/blockquote>\n<p>&#8220;I guess that&#8217;s as good a reason as any to buy <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hashtag_click\">Bitcoin<\/a>. Good luck,&#8221; Schiff replied.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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In a Twitter debate on Mar. 2, Cuban, who has become increasingly sympathetic to crypto, warned Peter Schiff that gold&#8230;<\/p>\n","protected":false},"author":1,"featured_media":193012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvMmQ0MTVmNGItN2NlZi00NGY3LWEwMTQtMWExZDRjNzJjYzdhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,76252,71835,72590,73785],"class_list":["post-193011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-peter-schiff","tag-gold","tag-mark-cuban","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/193011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=193011"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/193011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/193012"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=193011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=193011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=193011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}