Billionaire Mark Cuban: Public companies should learn a lesson from Bitcoin
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Answer Billionaire Mark Cuban: Public companies should learn a lesson from Bitcoin
Mark Cuban, American billionaire businessman and owner of the Dallas Mavericks basketball club, continues his controversial approach to Bitcoin.
After he made previous anti-Bitcoin statements and said that he would rather buy bananas than Bitcoin, his views changed 180 degrees and he became a huge fan of Bitcoin, which was shown in his statements Last.
Cuban praises the limited supply of BTC:
“Mark Cuban” is a 62-year-old businessman who is among the most famous American billionaires, especially after his participation in the famous reality TV series “Shark Tank”.
Being a fintech-oriented investor, Cuban receives a lot of questions about his stance on Bitcoin.
Read:Colombia launches free educational materials on blockchain technology on the Internet
It is worth noting that the club owned by Cuban was among the first sports clubs to support Bitcoin as a way to pay for tickets and various club merchandise.
The growing popularity of bitcoin in the past few months has once again caught Cuban’s attention, which is why he is offering special discounts on using BTC to make any club-related purchases.
While this may be just another marketing ploy, his Bitcoin tweet sounded notably more upbeat.
Cuban highlighted one of BTC’s most distinct advantages, its limited supply when compared to public companies issuing new shares.
He believes that if such companies constrain stock inflation, it would raise the value of stocks already in existence.
Public companies should learn a lesson from BItcoin and commit not to issue new shares in the stock. Ever. Their stock price will jump instantly.
– Mark Cuban (@mcuban) December 27, 2020
As we indicated, Cuban’s recent statements have changed significantly from what they were earlier, as he made several critical statements about Bitcoin, most notably:
I prefer trading bananas as a commodity on bitcoin.
Read:Bitcoin is less volatile than the “S&P 500” stock… Details here
Fruit is an extra motivator for me, as I can still eat that banana before it goes bad and get all my potassium for a workout.
But Cuban appears to have come to see Bitcoin as something much bigger than bananas and an example to follow in terms of storing value.
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