- Shark Tank star and the proprietor of the NBA group Dallas Mavericks, Mark Cuban, considers Bitcoin as an excellent funding
- Cuban doesn’t contemplate the FTX debacle as a crypto failure, however somewhat a case of corruption
Shark Tank star and the proprietor of the NBA group Dallas Mavericks, Mark Cuban, believes within the energy of Bitcoin [BTC] as an funding. The billionaire additionally expressed his want of BTC falling additional so he should purchase some extra.
In an episode of the Membership Random podcast hosted by comic Invoice Maher, Cuban mentioned each Bitcoin and gold. Whereas Maher is anti-Bitcoin and believes within the worth of gold, Cuban dismissed the concept of contemplating gold as an funding. He additionally went on to say that gold, like Bitcoin, can be a retailer of worth.
The Shark Tank star added, “But it surely’s a digital transaction and it’s a retailer of worth … So, individuals understand that there’s a worth related to gold, and there’s worth related to Bitcoin.”
“I need Bitcoin to go down so much additional so I should purchase some extra,” Cuban mentioned. Even though Bitcoin is an efficient funding, Cuban says he’s not advising individuals to purchase the cryptocurrency.
Cuban’s two cents on the FTX collapse
Regardless of the present crypto winter attributable to the collapse of the now-bankrupt crypto alternate FTX, Cuban believes within the potential of cryptocurrency. He beforehand acknowledged that the FTX fallout wasn’t a priority, however somewhat a case of corruption.
Whereas admitting that he doesn’t know the entire particulars, he acknowledged that former FTX CEO Sam Bankman-Fried “SBF” must be involved about spending a very long time in jail.
