We are proud to be part of BitColors ecosystem, a unique collection of 1000 NFT colors that you can own and trade on OpenSea. BitColors aims to create something unique in the NFT space and set an example for a new wave of collections like CryptoPunks did for avatars. Colors for our logo we took from the BitColors collection. Ownership of colors should be remarkable and unprecedented and you have a chance to buy it now. Want to follow their updates? Then subscribe to BtColors Twitter, and Discord.
Mark Cuban schools gold bug Peter Schiff, calls the yellow metal “dead”
Crypto News

Mark Cuban schools gold bug Peter Schiff, calls the yellow metal “dead”

Saudu Clement
Saudu Clement

Shark Tank star and American billionaire investor, Mark Cuban, has taken to the streets of Twitter to tackle the ever-vocal gold bug, Peter Schiff.

Replying to a tweet from Schiff accusing early Bitcoin investors of pumping and dumping the digital asset, Cuban said that gold is a dying store of value compared to emerging technologies like Bitcoin and Ethereum.

Schiff took a swipe at Wall Street investors calling them “dumb enough” to buy into Bitcoin and the crypto frenzy. Cuban, on the other hand, was willing to explain the charm behind the emerging crypto craze. Cuban wrote:

What we are seeing built with 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. But Gold won't ever change.

It is not usual for Schiff to lash out at Bitcoin at every opportunity. The gold bug has gone head-to-head with Elon Musk and even slammed his own son for buying Bitcoin in the past. However, Schiff might have met his match in Mark Cuban.

While Cuban may not be as vocal as Musk or Michael Saylor of MicroStrategy, the billionaire appears to be a firm believer in Bitcoin and Ethereum. As reported by BTC PEERS, Cuban acknowledged that the crypto industry might turn out to be a bubble, but Bitcoin and Ethereum would likely survive.