- Shark Tank star and the proprietor of the NBA staff Dallas Mavericks, Mark Cuban, considers Bitcoin as a very good funding
- Cuban doesn’t take into account the FTX debacle as a crypto failure, however fairly a case of corruption
Shark Tank star and the proprietor of the NBA staff 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 buy 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 thought of contemplating gold as an funding. He additionally went on to say that gold, like Bitcoin, can also be a retailer of worth.
The Shark Tank star added, “Nevertheless it’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 loads additional so I should buy some extra,” Cuban mentioned. Even though Bitcoin is an effective funding, Cuban says he isn’t advising individuals to purchase the cryptocurrency.
Cuban’s two cents on the FTX collapse
Regardless of the present crypto winter brought on by the collapse of the now-bankrupt crypto alternate FTX, Cuban believes within the potential of cryptocurrency. He beforehand said that the FTX fallout wasn’t a priority, however fairly a case of corruption.
Whereas admitting that he doesn’t know all the particulars, he said that former FTX CEO Sam Bankman-Fried “SBF” must be involved about spending a very long time in jail.