In today's rapidly changing financial environment, Barrick Gold CEO says it will be difficult for cryptocurrencies to replace gold, while Mark Cuban is focused on creating value. These two seemingly contrasting views have prompted people to think about competition and cooperation between gold and cryptocurrencies. Let’s delve deeper into this topic and reveal the values and business logic behind it.

As a traditional safe-haven asset, gold has played an important role since ancient times. However, with the advancement of technology and changes in financial markets, cryptocurrency has begun to emerge as an emerging digital asset. The decentralized nature, high security and convenient cross-border transactions of cryptocurrency have attracted the attention of more and more investors and institutions. In particular, well-known cryptocurrencies such as Bitcoin have experienced huge growth in value in a short period of time, triggering heated discussions and investment boom in the market.

However, the views of Barrick Gold’s CEO remind us that although cryptocurrencies have many advantages, they are still difficult to replace gold’s position in the financial system. As a physical asset, gold has stable value and hedging functions and is not affected by inflation and political risks. No matter how the economy fluctuates, gold has always been a store of value that people can trust. This kind of stability and trust cannot be replaced by cryptocurrency, especially in the context of increasing global economic uncertainty, and the status of gold has further highlighted its importance.

However, the value creation concept emphasized by Mark Cuban cannot be ignored. In today's fiercely competitive business society, if companies want to survive and develop, they must continue to innovate and create value for customers. Mark Cuban focuses not only on the product itself, but also on the meaning and user experience behind the product. By continuously optimizing products and services to meet customer needs, companies can stand out in the fierce market competition and win sustained development and success.

From another perspective, gold and cryptocurrencies are not completely opposite, but there is a complementary relationship between them. As a representative of traditional assets, gold's stability and value-preserving functions make it the first choice for hedging, while cryptocurrency represents emerging technology and the direction of future development, with greater room for investment appreciation. Investors can achieve the dual goals of risk diversification and value appreciation by rationally allocating gold and cryptocurrency investment portfolios. This diversified investment strategy can not only avoid the risks of a single asset, but also grasp investment opportunities in different asset classes to achieve better investment returns.

In today's digital age, the financial sector is changing at a rapid pace. Both gold and cryptocurrencies are constantly evolving and developing, bringing new opportunities and challenges to investors and businesses. Barrick Gold CEO’s perspective reminds us to cherish traditional ways of preserving wealth, while Mark Cuban’s value creation philosophy inspires us to continue to innovate and pursue excellence. In this era full of opportunities and challenges, only by constantly learning and adapting can we grasp the future and maximize the value of individuals and enterprises. May we find our own path to wealth in this battle between gold and cryptocurrency.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Mark Bristow, CEO of Barrick Gold, one of the world's largest gold miners
Bristow said in an interview yesterday (11th) that even if the price of gold does not rise this year, it will remain stable, believing that its characteristics that cannot be artificially produced cannot be replaced by cryptocurrencies; at the same time, the NBA Mavericks Owner Mark Cuban
Cuban tweeted that trading is the least important part of cryptocurrency.

Gold cannot be manufactured artificially, not cryptocurrencies

Although central banks will adopt easing policies in 2021, leading to increased inflation, the price of gold will still fall by 3.6% in 2021, with the average price in Q4 being US$1,683 per ounce, but Bristow is clearly optimistic.

According to Bloomberg, he predicted in an interview that the price of gold per ounce is likely to trade between US$1,750 and US$1,800. He advocated that even if the price of gold does not rise sharply, it will remain strong and the downside risk is small: look at gold and its preciousness The nature of it - you can't print it, you can't make it, cryptocurrencies can be made and in huge quantities, which is good for gold when you're at a stage like we are now and the world is full of uncertainty.

What is the value of cryptocurrencies? Cuban: Valuable application

Cryptocurrency can be artificially created, so what is its value? Mark Cuban, the owner of the NBA Mavericks, gave his own opinion on this. He retweeted a post on Twitter on the 11th that analyzed the value of cryptocurrencies and said: Token trading is the least important part of cryptocurrency. The key point is to use smart contracts, validators, DAO, etc. to create businesses on decentralized platforms and create a new force to provide efficient business processes and subvert industries.

Mark Cuban further analyzed the value of tokens. Tokens born from cryptocurrency projects/platforms can be valued like stocks, such as ETH, which is necessary for transactions on the Ethereum network. If people want to use applications Programs (such as applications on the Ethereum ecosystem) must purchase these tokens.

In other words, blockchain networks with popular applications will have the most valuable tokens. Cuban is not affected by Bitcoin fetishism. He once supported Dogecoin, saying that its entry barrier is extremely low, and he even opened his Mavericks team to accept Dogecoin as a method of payment.

Cuban once told foreign media CNBC that when investing in cryptocurrency, you should focus on finding practical projects: this is where value is created.