Mark Cuban wants to buy more bitcoin, says gold investors are ‘dumb’

Mark Cuban says he likes investing in digital assets over gold.

The long-time advocate of cryptocurrencies said he hopes the price goes down further so he can purchase more.

The digital coin has lost over 60 percent of its value in the last two years, and is currently just below its highest price in 2011.

Financial experts think gold is a good way to protect the value of your investment portfolio from inflation. Cuban referred to gold investors as dumb during an interview.

You know what would happen if everything went to hell in a hand basket. He said someone would beat you or take your gold bar.

Cuban believes that both gold andbitcoin are a "store of value", meaning that they maintain their value rather than depreciation.

There is a difference between how gold and bitcoins are valued.

The relative scarcity and long history of being traded for goods and services make gold a valuable commodity.

There is a new form of payment called Cryptocurrencies.

Digital coins are subject to unpredictable fluctuations in price because they don't derive their value from an underlying entity.

As of December 27th, gold has only diminished by a little over 1% year to date, while the price of Bitcoin is currently well below its January price.