Mark Cuban says he hopes the price of bitcoin goes down further so he can buy more.
On the other hand, bitcoin and other cryptocurrencies are a relatively new form of payment.
Most digital coins don't derive their value from an underlying entity which makes them subject to unpredictable fluctuations in price. Bitcoin prices are currently trending far below their January prices while gold has only diminished by a little over 1% year to date as of Dec. 27. In a recent research report, Goldman Sachs predicted that gold would outperform bitcoin in the long term perThe billion dollar global investment bank called bitcoin"a solution looking for a problem" and says it is likely to continue to be a highly volatile asset until there are more reasons for people to use it.
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