Mark Cuban Once Pitched Bitcoin As A Hedge Against Economic Turmoil—No Surprises The 'Shark' Still Finds BTC A Better Buy Amid Tariff Woes

Benzinga2025-04-09

Mark Cuban, an early Bitcoin BTC/USD investor and proponent of its safe haven narrative, continued to put his weight behind the apex cryptocurrency amid ongoing trade war-induced economic fears. What ...

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Bitcoin has plunged below $76,000, down over 30% from its all-time highs. The sell-offs have followed President Donald Trump's sweeping tariff moves, birthing economic uncertainty and recession concerns.\nHowever, the \"Shark\" remains steadfast in his Bitcoin advocacy. During an X conversation on the state of markets and investments last week, Cuban deemed Bitcoin \"a better buy\" in the present scenario.\nNotably, the conversation began when Cuban stated that, given the pressures, firms would resort to stock buybacks because it was the only “certain investment” available to them.\n\nIs there any doubt that the first dollar out the door from companies will be to buy back their stock ? It's the only certain investment available to them.— Mark Cuban (@mcuban) April 5, 2025\n\nBut when an X user responded with the comment \"Bullish,” Cuban said that BTC could be a better option, potentially suggesting that firms may benefit from hoarding Bitcoin.\n\nYou will eventually be right. But btc is probably a better buy right now.— Mark Cuban (@mcuban) April 5, 2025\n\nCuban has put his money where his mouth is. He earlier revealed owning “a lot” of Bitcoin and hoped that the price would rise.\nInterestingly, Cuban’s optimism contradicted JPMorgan analysts’ recent note that investor confidence was shifting away from Bitcoin toward gold.\nPrice Action:  At the time of writing, Bitcoin was exchanging hands at $75,520.89, down 5.60% in the last 24 hours, according to data from Benzinga Pro. Year-to-date, the cryptocurrency was down 19.20%.\nRead Next: \n\nCrypto Attorney Sues US Government To Unmask Satoshi Nakamoto, Creator Of Bitcoin\n $BTCBitcoin$76353.870.13%OverviewGot Questions? AskWhich cryptocurrencies may gain from Cuban's support?How will tariffs affect the crypto market?Are companies shifting to Bitcoin for hedging?What industries could benefit from Bitcoin adoption?Which stocks are likely to perform well amid economic turmoil?Could rising gold prices impact Bitcoin investments?What investment strategies are firms considering now?How might JPMorgan's stance affect Bitcoin?Which ETF options could capitalize on crypto trends?Are stock buybacks a signal for market instability?Powered ByMarket News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. 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