• About Us
  • Privacy Policy
  • Contact Us
Subscribe
Lascena
Advertisement
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Litecoin
    • Ethereum
  • Blockchain
  • Regulation
  • Market
  • Prices 2021LIVE
  • Videos
No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Litecoin
    • Ethereum
  • Blockchain
  • Regulation
  • Market
  • Prices 2021LIVE
  • Videos
No Result
View All Result
Lascena
No Result
View All Result

Mark Cuban’s opinion of Bitcoin has changed dramatically over the years

February 2, 2021
in Bitcoin
Reading Time: 2min read
Mark Cuban’s opinion of Bitcoin has changed dramatically over the years


With the attention Bitcoin has received, 2021 has already proven itself to be a year of great change. With one month down, it looks like that will continue as billionaire Mark Cuban increasingly softens his stance towards Bitcoin.

The Dallas Mavericks owner once said he would “rather have bananas than bitcoin.” But based on his latest blog post, it looks like the tech billionaire now sees merit in Bitcoin’s digital store of value narrative.

Entrepreneur Cuban once warned against investing in Bitcoin

Cuban joins the growing list of high profile figures that have reversed their stance on Bitcoin. To his credit, he never went as far as calling the leading cryptocurrency fraudulent or “worse than tulip bulbs,” à la Jamie Dimon.

Several years ago, Cuban’s comparisons of investing in Bitcoin as “gambling” were still less than complimentary. Especially as the comments came during at a time of peak public panic, thanks to ICO scams and the like.

Cuban went on to say it’s okay to invest up to 10 percent of savings into high-risk assets, such as cryptocurrency. But he added that anyone who does so should consider it lost money.

More recently, Cuban said Bitcoin is a “store of value,” but he likened it to a religion. As opposed to it being useful in solving problems or inherently valuable.

“My thoughts haven’t changed. It’s a store of value like gold that is more religion than solution to any problem.”

Cuban says what constitutes a store of value is changing

In his latest blog post, Cuban reminisces about stamp collecting when younger. The reader gets to glimpse at Cuban’s entrepreneurial spirit, even as a child, as he describes taking advantage of price inefficiencies between stamp dealers.

He observed that collectibles worked as stores of value because they required physical ownership as proof of existence and scarcity confirmation. However, he concedes that now, in 2021, the concept of digital turns this observation completely on its head.

“But something changed over the past 3 years, (Crypto enthusiasts will tell a different story saying this has been going on since 2009). The block chain has evolved to support smart contracts and the ability to uniquely identify digital goods and the transactions associated with them.”

Cuban added that digital goods, such as Bitcoin and Ethereum, can define availability or scarcity, even though they lack physicality. This ties together with a decentralized blockchain, which no-one controls, making cryptocurrency a legitimate store of value.

Cuban points out that old schoolers are only now beginning to realize that digital and physical investments are equally valid.

Like what you see? Subscribe for daily updates.



Source link

Facebook0
Twitter0
Linkedin0
Print0
E-mail0
Yahoo Mail0
GMail0
SMS0
Messenger0
Tags: BitcoinChangedCubansdramaticallyMarkOPINIONyears
Next Post
Should YOU BUY Masternode Crypto Coins?! Review & Profitability

Should YOU BUY Masternode Crypto Coins?! Review & Profitability

End Of Year Bitcoin Price Prediction? What Is The Best Cryptocurrency Investment? Atari Coin News

End Of Year Bitcoin Price Prediction? What Is The Best Cryptocurrency Investment? Atari Coin News

Don't Miss

TOP 5 ALTCOINS ON ETHEREUM READY TO EXPLODE IN 2020 – (Best Crypto Investments?)
Cryptocurrency Videos

TOP 5 ALTCOINS ON ETHEREUM READY TO EXPLODE IN 2020 – (Best Crypto Investments?)

by Lascena Cryptocurrency News Education
March 2, 2021
0

These are the top 5 crypto altcoins built on Ethereum that you need to know in 2020! 👨‍🎓 CRYPTO BEGINNER...

Read more
Ripple XRP Will CRASH First Then PUMP If this happens!!! Top 5 cryptocurrencies to watch this week!

Ripple XRP Will CRASH First Then PUMP If this happens!!! Top 5 cryptocurrencies to watch this week!

March 2, 2021
🔴Stock Market Crash (Later This Year) Will Push Bitcoin OVER $50,000! | HUGE Bitcoin News

🔴Stock Market Crash (Later This Year) Will Push Bitcoin OVER $50,000! | HUGE Bitcoin News

March 2, 2021
How I Increased My Mining Profits by 10x | Best CPUs for Mining Monero RandomX & Veruscoin

How I Increased My Mining Profits by 10x | Best CPUs for Mining Monero RandomX & Veruscoin

March 2, 2021
Miami Mayor responds to Yellen saying Bitcoin is worth studying

Miami Mayor responds to Yellen saying Bitcoin is worth studying

March 1, 2021

Lascena Cryptocurrency News Education

We have all the latest updated and legitimate information related to Blockchain, Cryptocurrency, latest market rates & trends, prices, new regulations along with every other thing that somehow related to crypto or digital currency market. Our main idea is to provide the kind of news that is original and at the same time, it can prove to be beneficial for our audience.

© 2020 lascena.ca

  • About Us
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Litecoin
    • Ethereum
  • Blockchain
  • Regulation
  • Market
  • Prices 2021
  • Videos

© 2020 lascena.ca

  • bitcoinBitcoin(BTC)$49,012.005.33%
  • ethereumEthereum(ETH)$1,563.238.35%
  • cardanoCardano(ADA)$1.22-4.71%
  • Binance CoinBinance Coin(BNB)$249.3611.55%
  • tetherTether(USDT)$1.00-0.07%
  • PolkadotPolkadot(DOT)$35.996.58%
  • rippleXRP(XRP)$0.4417314.69%
  • chainlinkChainlink(LINK)$29.4017.03%
  • litecoinLitecoin(LTC)$173.804.88%
  • stellarStellar(XLM)$0.4221842.88%