Mark Cuban just told Bill Maher that buying gold is ‘dumb’ — and wants bitcoin to keep plunging so he can buy more. Here are 3 simple ways to gain crypto exposure

Mark Cuban just told Bill Maher that buying gold is ‘dumb’ — and wants bitcoin to keep plunging so he can buy more. Here are 3 simple ways to gain crypto exposure

Bitcoin plunged nearly 65% in 2022. But one billionaire investor still likes the world’s largest cryptocurrency: Mark Cuban.

“I want Bitcoin to go down a lot further so I can buy some more,” Cuban said in a recent episode of Bill Maher’s Club Random podcast.

Maher, who self-claims to be “very anti-bitcoin,” owns gold instead. Cuban, conversely, has no time for the yellow metal.

“If you have gold, you’re dumb as f—,” says the Shark Tank star and Dallas Mavericks owner.

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Maher argues that gold “is like a hedge against everything else” but Cuban disagrees.

“[Gold] is not a hedge against anything, right? What it is is a store of value and you don’t own the physical gold, do you … Gold is a store of value and so is Bitcoin,” Cuban explains.

He then points out why gold can’t really protect your wealth in times of crisis.

“You don’t own the gold bar, and if everything went to hell in a handbasket and you had a gold bar, you know what would happen? Someone would beat the f— out of you or kill you and take your gold bar.”

If you share Cuban’s view, here are a few ways to gain exposure to bitcoin.

Buy bitcoin directly

The first option is the most straightforward: If you want to buy Bitcoin, just buy Bitcoin.

These days, many platforms allow individual investors to buy and sell crypto. Just be aware that some exchanges charge up to 4% commission fees for each transaction. So look for apps that charge low or even no commissions.

While bitcoin commands a five-figure price tag today, there’s no need to buy a whole coin. Most exchanges allow you to start with as much money as you are willing to spend.

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