Mark Cuban
👤 SpeakerAppearances Over Time
Podcast Appearances
Right.
And when interest rates have been going up over the last few months, it's like, okay, well, I can earn 2% or 3% or 4%.
Why am I going to take the risk on crypto or on these stocks?
So I'll just yank it out.
And Amazon has fallen, what, 50%, 60%, 70%?
Netflix, 70% or 80%?
Yeah, everything has gotten destroyed.
Even Apple has gone down 30-some percent.
And so-
There's no way you can predict all of that.
It just doesn't matter who you are.
Stocks don't always just go up, even though it feels like it.
And it's the same with crypto.
But for me, with crypto, there's two types of crypto tokens.
One is store of value, which is really only Bitcoin.
And that's kind of like gold.
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.
Price of gold has gone down during all this inflation.
And so that's bullshit, but it's a narrative that gets people to buy.
And it's the same with Bitcoin.