Bitcoin Is Up 27% Since Mark Cuban Called The Top Cryptocurrency A 'Better Buy' Amid Trump Tariff-Fueled Downturn

Billionaire investor and television personality Mark Cuban has been an avid cryptocurrency advocate over the years, with Bitcoin (CRYPTO: BTC) receiving special attention in his social media posts and interviews.

What happened: Cuban has been a proponent of Bitcoin's safe haven narrative, even deeming it a “better version of gold.” He argued that, in addition to being as good as gold as a hedge against economic downturns, Bitcoin is “easier” to buy, trade and transfer globally. 

The "Shark's" conviction was tested during Bitcoin's April downturn. The apex cryptocurrency had plunged below $75,000 in early April, marking its lowest level in months. This drop was triggered by President Donald Trump's sweeping tariff measures, which reignited fears of a global recession and led to a sharp sell-off in risk assets.

Cuban, however, appeared unfazed. During an X conversation, he called Bitcoin “a better buy,” potentially suggesting that firms may benefit from hoarding the asset.

See Also: Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — ‘Gold Used To Be That Money, BTC Is The Challenger’

Two months later, his statements sound like good investment advice. Bitcoin embarked on a record-shattering rally in May, hitting a new all-time high of $111,970.17.

Since Cuban called Bitcoin a better buy, the cryptocurrency has jumped 27% and nearly 40% from its April lows. So, if you invested $1000 in Bitcoin following Cuban's commentary, it would be worth $1270 today.

Price Action:  At the time of writing, BTC was exchanging hands at $105,586.25, up 0.09% in the last 24 hours, according to data from Benzinga Pro. 

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