{"id":178365,"date":"2025-04-09T07:13:04","date_gmt":"2025-04-09T07:13:04","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/mark-cuban-once-pitched-bitcoin-as-a-hedge-against-economic-turmoil-no-surprises-the-shark-still-finds-btc-a-better-buy-amid-tariff-woes\/"},"modified":"2025-04-09T07:13:04","modified_gmt":"2025-04-09T07:13:04","slug":"mark-cuban-once-pitched-bitcoin-as-a-hedge-against-economic-turmoil-no-surprises-the-shark-still-finds-btc-a-better-buy-amid-tariff-woes","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=178365","title":{"rendered":"Mark Cuban Once Pitched Bitcoin As A Hedge Against Economic Turmoil\u2014No Surprises The ‘Shark’ Still Finds BTC A Better Buy Amid Tariff Woes"},"content":{"rendered":"


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Mark Cuban<\/strong>, an early Bitcoin <\/strong>BTC\/USD<\/span> investor and proponent of its safe haven narrative, continued to put his weight behind the apex cryptocurrency amid ongoing trade war-induced economic fears.<\/p>\n

What happened: <\/strong>In a December interview, the billionaire investor and television personality endorsed Bitcoin as a “better version of gold<\/a>.”\u00a0<\/p>\n

Cuban emphasized that, in addition to matching gold\u2019s effectiveness as a hedge against economic downturns, Bitcoin is \u201ceasier\u201d to buy and sell and move internationally.\u00a0<\/p>\n

See Also:<\/strong> <\/strong><\/a>Another Crypto Firm Set To Go Public: Galaxy Digital Foresees Nasdaq Listing Soon After SEC Approves Delaware Move<\/strong><\/a><\/p>\n

These remarks were made at a time when Bitcoin was on the rise, having recently breached the historic $100,000 milestone<\/a> for the first time in history.<\/p>\n

Fast forward to April 2025, and the scenario has turned on its head. Bitcoin has plunged below $76,000, down over 30% from its all-time highs. The sell-offs have followed <\/a>President Donald Trump’s<\/strong> sweeping tariff moves, birthing economic uncertainty and recession concerns.<\/p>\n

However, the “Shark” remains steadfast in his Bitcoin advocacy. During an X conversation on the state of markets and investments last week, Cuban deemed Bitcoin “a better buy” in the present scenario.<\/p>\n

Notably, the conversation began when Cuban stated that, given the pressures, firms would resort to stock buybacks because it was the only \u201ccertain investment\u201d available to them.<\/p>\n

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Is there any doubt that the first dollar out the door from companies will be to buy back their stock ?
It’s the only certain investment available to them.<\/p>\n

\u2014 Mark Cuban (@mcuban) April 5, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

But when an X user responded with the comment “Bullish,\u201d Cuban said that BTC could be a better option, potentially suggesting that firms may benefit from hoarding Bitcoin.<\/p>\n

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You will eventually be right. But btc is probably a better buy right now.<\/p>\n

\u2014 Mark Cuban (@mcuban) April 5, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Cuban has put his money where his mouth is. He earlier revealed owning \u201ca lot\u201d of Bitcoin<\/a> and hoped that the price would rise.<\/p>\n

Interestingly, Cuban\u2019s optimism contradicted JPMorgan <\/strong>analysts\u2019 recent note<\/a> that investor confidence was shifting away from\u00a0Bitcoin toward gold.<\/p>\n

Price Action<\/strong>:\u00a0 At the time of writing, Bitcoin was exchanging hands at $75,520.89, down 5.60% in the last 24 hours, according to data from Benzinga Pro<\/a>. Year-to-date, the cryptocurrency was down 19.20%.<\/p>\n

Read Next:<\/strong>\u00a0<\/em><\/p>\n<\/p><\/div>\n

Market News and Data brought to you by Benzinga APIs<\/a><\/p>\n

\u00a9 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n<\/div>\n