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Mark Cuban

👤 Person
3319 total appearances

Appearances Over Time

Podcast Appearances

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

One is store of value, which is really only Bitcoin.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

And that's kind of like gold.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

There's all kinds of narratives that say, well, if you hold gold when there's heavy inflation, the price of gold will go up.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

Price of gold has gone down during all this inflation.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

And so that's bullshit, but it's a narrative that gets people to buy.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

And it's the same with Bitcoin.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

There's only 21 million going to be made.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

So if there's inflation, you don't have to worry about it.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

That hasn't worked either.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

But the reality is those store values are just about supply and demand.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

If there's more people buying than selling, the price goes up.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

If there's more people selling than buying, the price goes down.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

Now, good news with both gold and Bitcoin is most people just hold them and wait it out.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

That's one kind of crypto.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

The other kind are just tokens and, you know, like Ethereum and... You guys use Dogecoin?

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

Dogecoin is just fun.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

Dogecoin is like the on-ramp for crypto.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

You can use it to buy stuff and everything.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

You can go to the Mav store and buy tickets and buy whatever.

Habits and Hustle
Episode 485: Mark Cuban: Why Most Entrepreneurs Hire Wrong (And Go Broke)

But, you know, there's...