Mark Cuban is a renown tech entrepreneur and outspoken owner of Dallas Mavericks. He is also an investor on ABC’s tv show Shark Tank. For crypto enthusiasts, they know him for speaking out against cryptocurrencies. He has previously stated that despite being a tech enthusiast, he does not support cryptocurrencies. However, it is not until his recent comments that many understood how little he values cryptocurrencies especially Bitcoin. In an interview, Mark Cuban stated that he would rather have bananas over Bitcoin.
Not even a monkey would choose bananas over Bitcoin, and they really like bananas and don’t know what Bitcoin is.
Mark Cuban Says Bitcoin Is Like Gold
Cuban was speaking to technology news outlet Wired where he explained that Bitcoin has no real intrinsic value. He continued to say that Bitcoin is only worth what someone else will pay for it. Its value is based only on demand.
“I say it’s like gold. Gold is a religion: people who are really into gold — they’ll tell you that there’s a bad depression and things go to hell in a handbasket, if you own gold then you’ll be okay. No, you won’t! You carry around a gold bar — someone’s gonna hit your ass, knock you out and steal your gold bar and it’s gonna happen again and again and again. I’d rather have bananas, I can eat bananas. Crypto… Not so much.”
In his opinion, gold and Bitcoin are similar and equally worthless in that they are collectibles like baseball cards. Despite such remarks, Cuban maintains that he is not against cryptocurrencies but warns investors to be careful.
Facebook’s Libra Is Dangerous
Earlier in the year, as I reported the billionaire also touched on Facebook’s Libra. He called the cryptocurrency dangerous explaining that it had the power to disrupt economies around the world. In countries that have unstable governments, laws, and currencies, Libra could be dangerous he explained.
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