Mark Cuban

You know, a whole lot of young men voted against Kamala Harris. And I think crypto had a lot to do with it.

Right. Well, there are a lot of analogies. I'm not going to argue with that.

Right. Well, there are a lot of analogies. I'm not going to argue with that.

But think about gold. I mean, all that gold we have in Fort Knox, it's not because the United States government is betting on how much jewelry is going to be sold at Christmas. I hope not. Right. I mean, there's no intrinsic value to gold other than we say there is intrinsic value to gold.

But think about gold. I mean, all that gold we have in Fort Knox, it's not because the United States government is betting on how much jewelry is going to be sold at Christmas. I hope not. Right. I mean, there's no intrinsic value to gold other than we say there is intrinsic value to gold.

Gold is a store of value. And so people hope it goes up. There are some people who think that, you know, if there's a catastrophe and the economy craters, then gold will retain its value. But it's not like you can walk around with a bar of gold and, you know, like it's 1822 and you slice off a little sliver and you weigh it. It's just going to knock you out and take your bar of gold.

Gold is a store of value. And so people hope it goes up. There are some people who think that, you know, if there's a catastrophe and the economy craters, then gold will retain its value. But it's not like you can walk around with a bar of gold and, you know, like it's 1822 and you slice off a little sliver and you weigh it. It's just going to knock you out and take your bar of gold.

That's what I'm talking about. So let me translate that to Bitcoin.

That's what I'm talking about. So let me translate that to Bitcoin.

Right. Bitcoin has become a store of value. It's marketed that way and has been marketed for the last 15 years or whatever it is. And it's gotten to a point of acceptance, just like way, way, way back when. Gold got to a point of acceptance as an alternative for legal currency or as a foundation behind legal currency.

Right. Bitcoin has become a store of value. It's marketed that way and has been marketed for the last 15 years or whatever it is. And it's gotten to a point of acceptance, just like way, way, way back when. Gold got to a point of acceptance as an alternative for legal currency or as a foundation behind legal currency.

Bitcoin has kind of taken that place, and it makes more sense in a lot of respects. You're not going to carry around that bar of gold, but you can carry around your phone, as an example, that has Bitcoin on it. And if you need to transfer value to somebody else, it's easier to do it right now, particularly if you're 21, with Bitcoin than it is with gold. So there truly is an economic value there.

Bitcoin has kind of taken that place, and it makes more sense in a lot of respects. You're not going to carry around that bar of gold, but you can carry around your phone, as an example, that has Bitcoin on it. And if you need to transfer value to somebody else, it's easier to do it right now, particularly if you're 21, with Bitcoin than it is with gold. So there truly is an economic value there.

Well, it's faster and cheaper, particularly for international exchanges. So if you're in, pick a country, right? And you're like, Mark, I need something to spend, right? I need some money. It's a whole lot easier for me to send you $100 in Bitcoin or Ethereum or USDC than it is in cash.

Well, it's faster and cheaper, particularly for international exchanges. So if you're in, pick a country, right? And you're like, Mark, I need something to spend, right? I need some money. It's a whole lot easier for me to send you $100 in Bitcoin or Ethereum or USDC than it is in cash.

So just think of Bitcoin like digital gold, period, end of story. Oh. It's just built on supply and demand. Only the difference is people are still mining gold and it's physical. You have to pull it out of the ground. There's a lot of costs associated with that. Bitcoin is all digital, but it's limited in the number of Bitcoins that will ever be created to 21 million.

So just think of Bitcoin like digital gold, period, end of story. Oh. It's just built on supply and demand. Only the difference is people are still mining gold and it's physical. You have to pull it out of the ground. There's a lot of costs associated with that. Bitcoin is all digital, but it's limited in the number of Bitcoins that will ever be created to 21 million.

That was part of the original plan. That's the way it was designed originally. So right now there are about 19.8 million Bitcoin out there minus what's been lost along the way. How do you lose it? So early on, you might have bought a bunch of Bitcoin in 2012 for 10 cents each, didn't think twice about it, threw away that phone and you had 10,000 Bitcoin on it. Oh, dear God. Yeah.

That was part of the original plan. That's the way it was designed originally. So right now there are about 19.8 million Bitcoin out there minus what's been lost along the way. How do you lose it? So early on, you might have bought a bunch of Bitcoin in 2012 for 10 cents each, didn't think twice about it, threw away that phone and you had 10,000 Bitcoin on it. Oh, dear God. Yeah.

Yeah, so there's stories about people literally who hit hard drives into trash heaps and lost it. And now we're searching in trash piles looking for. But that's Bitcoin. And it's just supply and demand that finds what it's worth. So right now, the price is near $100,000. That means a lot more people are buying it than selling it. Very analogous to gold. And so then there are other... Cryptos.