Bitcoin or Gold? What's Your Preference?

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Interest in “gold isn’t based off the supply and demand of jewelry,” billionaire investor Mark Cuban said last week during an interview with Wired. “People see it as an option in the event of the economy going down or something bad happening.”

Though bitcoin is among the newest forms of currency, he goes on to say that many investors treat it like one of the oldest: gold.

What's your preference?  Bitcoin or gold?  Read on to learn how bitcoin and gold can work as stores of value.

Tariffs: Burdening Even Tiny Businesses With Expensive, Arduous Compliance

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Mark Cuban has warned that Trump's plan to impose sweeping tariffs on US imports would burden even tiny businesses with expensive, arduous compliance.

"I think one major point the discussion of tariffs is missing is the time and cost to businesses, even the smallest single person company," the tech billionaire said in an X post on Monday.

He goes on to say, "It's a lot of work. It's a lot of bureaucracy. It almost always required hiring a broker to deal with all of it. And of course there is the ongoing record keeping that each business is responsible for."

Today in Global Small Business: Non-Fungible Tokens (NFTs) or All Things Crypto

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What's affecting me, my clients, my colleagues and other global small business owners:

• Fungible (adj.) — able to replace or be replaced by another identical item; mutually interchangeable.
• Speculative crypto art market takes off.  Why?  "Our digital lives are surrounded by countless digital objects. NFTs are a way to imbue such objects with financial value. When that happens they take on a new level of significance and importance."
• Lindsay Lohan sold a photo of herself for $17K – and then tweeted about it.
• Quote of the week:  "Billionaire Mark Cuban is selling a motivational quote as a NFT for $1,700. " – Markets Insider, March 13, 2021
• Shark Tank celebrity and owner of the Dallas Mavericks Mark Cuban sold a tokenized version of one of his tweets for $952.  The sale was made via the Valuables platform. 
• A clip of LeBron James blocking a shot sold for $100K last month.