In the last few months, Mark Cuban has been involved in some of the most interesting conversations about Bitcoin. In the past, he said Vangaurd was his favorite stock pick. That week, Vanguard announced plans to launch two new exchange-traded funds within the next two months. Then on April 21st he tweeted that gold is “dumb” and crypto is “the way to go”. Now he’s back saying again that gold is dumb, and Bitcoin and crypto is the way to go.

“Dallas Mavericks owner and Shark Tank star Mark Cuban is taking a different tone when it comes to Bitcoin, the world’s most valuable cryptocurrency by market capitalization. In a Club Random podcast episode, host Bill Maher said he’s “very anti-Bitcoin” and believed in the value of gold. Cuban replied, “I want Bitcoin to go down a lot further so I can buy some more.” He also said, “If you have gold, you’re dumb as f***.”

Cuban said he’s bullish on crypto and sees it as a hedge against inflation. He also said that gold is no longer a good investment because it doesn’t “provide any return.” He remarked:

“It’s been going up for years and years, but if you adjust for inflation, you know where gold was worth in the ’60s? It was about $300 an ounce at today’s price. So there’s not much difference between gold now and then.” Cuban added that bitcoin can be used as both an investment tool and a currency that can be exchanged with other people around the world online without having to rely on banks or governments.

“Gold tends to hedge against inflation, crypto hedges against deflation… There’s little demand for gold as an industrial metal”

You may be wondering what deflation is, and why it’s important. Deflation is when the general price level of goods and services decreases. In other words, if the prices of things you buy regularly keep going down over time, that means there’s deflation. If you’re interested in investing wisely, this matters because it can help protect your wealth from inflation—which occurs when the supply of money increases faster than its value does—and increase your profits as a result of inflation’s effects on investments like bonds and stocks (you’ll make less profit than you would have otherwise).

Inflation also makes it harder for businesses to predict future revenue streams since they want to charge more than they did last year because their costs are increasing due to higher prices on materials and labor—but if other companies follow suit by raising their own prices too much then no one wins.

Cuban has said that “Crypto is a young technology, and there are still people who are skeptical about it,” he said. “But over time, as it becomes more mainstream, I think that crypto can be used for both.” Cuban added that he believes blockchain—the technology behind Bitcoin and other cryptocurrencies—can help improve healthcare systems through improved transparency. He also pointed out that there are many start-ups working on using blockchain to create new platforms for investing in cryptocurrencies without having to go through the traditional exchange system.

Cuban’s remarks come after he said it was difficult for him to think of an investment in Bitcoin “without thinking about the guy on the ledge jumping off a building who’d done the same thing.”

The cryptocurrency has seen a rough change in value over the past year, with it settling close to $20,000 this year. For the year, Bitcoin is down 63%. Cuban told Fox Business on Thursday that he thinks Bitcoin investors are “geniuses.” But he also said that he’s not sure if it’ll keep going up or burst like a bubble. Earlier this year Cuban called cryptocurrencies “not real” and said they were more like tulip bulbs than investments (the Dutch tulip craze was one of history’s most famous bubbles).

Cuban told Fox Business on Thursday that while he believes blockchain technology will be a part of our future because it allows people to transfer money without middle men, he doesn’t think Bitcoin is necessarily the best way to invest in those advancements. He did say that investing in gold is even dumber than investing in Bitcoin because gold has no intrinsic value beyond its use as an industrial commodity—and even then only 5% of all gold ever mined has been used for industrial purposes—while Bitcoin at least offers something unique as a currency.

Just who is Mark Cuban anyways?

Mark Cuban is an American entrepreneur, investor, and television personality. He is the owner of the Dallas Mavericks, a professional basketball team in the National Basketball Association (NBA), and is also known for his appearances as a “shark” investor on the television show Shark Tank.

Cuban was born in Pittsburgh, Pennsylvania and attended Indiana University, where he studied business and economics. After college, he worked in various sales and marketing jobs before starting his own software company, MicroSolutions, in the 1980s. In the 1990s, he sold MicroSolutions and used the proceeds to start Broadcast.com, an online streaming company that was eventually sold to Yahoo for billions of dollars.

In addition to his business ventures, Cuban is known for his philanthropy and his active presence on social media. He is also a vocal critic of the current state of the media industry and has expressed his opinions on a variety of topics, including technology, politics, and sports.

In the end, Cuban is right about one thing: investing in Bitcoin is not for the faint of heart. And if you don’t know what you’re doing, you could lose everything. But if you do have some money to invest and are willing to take on a higher level of risk than usual, there’s no reason why you can’t make money from this volatile asset class.