01-13-25 CFC News AM

Billionaire investor Mark Cuban has once again voiced his support for Bitcoin, calling it a "better version of gold" during times of crisis. In a CNBC interview, Cuban emphasized Bitcoin's resilience as a store of value, especially amid global economic instability. While he acknowledged Bitcoin's speculative nature, he argued that its finite supply and decentralized nature make it a stronger hedge against inflation than traditional gold.

Cuban’s endorsement aligns with a growing sentiment among institutional investors who view Bitcoin as "digital gold" in uncertain times. This comes as central banks worldwide struggle with rising debt levels and inflationary pressures, further fueling interest in cryptocurrencies as a hedge against traditional financial systems.

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Did you know that if Bitcoin were a country, its annual energy consumption would rank just above Norway? Despite criticism, many miners are now transitioning to renewable energy sources, improving Bitcoin's environmental impact.