Millionaire Mark Cuban talks about his cryptocurrency for the first time
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer Millionaire Mark Cuban talks about his cryptocurrency for the first time
Business owners have a clear impact on society with their stances and statements.
Recently, billionaire investor Mark Cuban stated, video On YouTube, he does not own any cryptocurrency.
Cuban touched on cryptocurrencies after being asked by a follower about his opinion of blockchain technology, and his host, Mr. Kevin O’Leary’s, hurried up the conversation and asked him the question:
Which do you prefer to store gold or bitcoin?
To Coban’s answer:
I don’t prefer both at the moment.
He added in his answer:
Logically they have been valued in similar ways (gold and bitcoin).
Read:The price of Ethereum hits a new record and a new historical milestone…Details here
Bitcoin, some people value and see as valuable, makes it similar to baseball cards, art, and gold.
People want to invest in gold because they believe that if certain circumstances occur, there will be other potential buyers with a high value.
When people say that there is no intrinsic value to crypto, they are not really looking at the value of the blockchain.
Blockchain in general has intrinsic value but not to the same degree as trading crypto.
In a previous interview, wired With Mark Cuban in September 2019, Mark Cuban told that bitcoin has no intrinsic value, and that he would rather collect bananas and baseball cards than bitcoin.
He also said that crypto was too complex to understand its prevailing trend. He stated at the time:
Crypto is too complex for 99% of the population.
Was it put into a device? Has it been printed? How does he keep himself from hacking and who will host him for you?
In conclusion, the certain thing that can be said is that Cuban is excluded from the list of “institutional investors” that the crypto community is waiting for.
Read:Solana network has been suspended for more than 6 hours and auditors are preparing to restart
Read also:
What if Warren Buffett invested in Bitcoin instead of investing in Bank J. B. Morgan” … Learn about the result of his investment
Controversy in the crypto community after Warren Buffett said he doesn’t own any cryptocurrency
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time