min to read

2019-09-30 14:40:22




News

Mark Cuban: i'd rather buy bananas than Bitcoin

Cuban vs Bitcoin

min to read

2019-09-30 14:40:22

Billionaire Mark Cuban said that he did not see real examples of the use of cryptocurrencies, and compared bitcoin holders with collectors of comics and baseball cards.

Billionaire Mark Cuban said that he did not see real examples of the use of cryptocurrencies, and compared bitcoin holders with collectors of comics and baseball cards.

 

In the video for Wired, Cuban, answering questions from Twitter, told about his views on cryptocurrencies and blockchain.

 

 

“Bitcoin is worth what somebody will pay for it. Did you ever see someone who collected baseball cards and they were really, really proud of their baseball cards because they kept on saying they were going to go up in price? Comic books are the same thing, even artwork. There’s no real intrinsic value,” said the venture investor.

 

In his opinion, the mass adoption of cryptocurrencies is hindered by the fact that they are "too complicated for 99% of the population", and the storage of digital assets is associated with problems and risks. Cuban equated crypto holders to people who invested in gold:

 

“Cryptocurrencies are like gold. Gold’s a religion. Now, people who are really into gold, they’ll tell you that if there’s a bad depression and things to go hell in a handbasket, if you own gold then you’ll be ok. No you won’t. You carry around a gold bar, someone’s going to hit your ass, knock you out and steal your gold bar. And it’s going to happen again and again and again.”

 

Cuban added that he would rather buy bananas than cryptocurrency or gold:

 

“I’d rather have bananas. I can eat bananas. Crypto, not so much.”

 

He emphasized that he is a supporter of blockchain technology, which will be used for many applications. But to create your own blockchain, you do not need bitcoin or other cryptocurrencies, the billionaire noted.

 

“It’s not that I’m against cryptocurrencies. You just have to be very careful. At best, they’re a store of value.”

 

It is remarkable that earlier he advised to invest in digital assets up to 10% of savings. It was also reported that the NBA Club “Dallas Mavericks” owned by Cuban would start accepting bitcoins for payment.

All rights reserved © CryptoRivista