Bitcoin And Gold Are Financial Religions But BTC Is Better Says Mark Cuban
Mark Cuban sure has done a turn around on Bitcoin, it wasn’t too long ago he was not onboard with Bitcoin but he has seemingly done a 180.
Billionaire investor Mark Cuban has come a long way from claiming that he would prefer bananas over BTC to outlining the cryptocurrencies’ benefits over traditional finance. In a recent Twitter post, he highlighted the strengths of Bitcoin, Ethereum, and even Dogecoin.
Mark Cuban on BTC and ETH
Cuban, a prominent investor and a star of the hit reality TV show Shark Tank, was among the many who doubted the merits of the cryptocurrency industry for a while. Previously, the billionaire noted that bitcoin failed its purpose of serving as an electronic peer-to-peer cash system as he found it easier to “trade bananas as a commodity than I can trade Bitcoin.”
However, the COVID-19 pandemic and governments’ actions last year started to change his mind slowly but surely. As of recently, Cuban has repeatedly outlined digital assets’ qualities over those of the traditional financial scope.
He took it to Twitter to display his affection for several assets, including Bitcoin and Ethereum. He seems on an entirely different page than last year, admitting now, “BTC is easy to trade/store/create with no delivery issues.”
Despite saying that both gold and bitcoin are “financial religions,” the Shark Tank star believes the precious metal is a “hassle,” while the primary cryptocurrency “enables [the] transfer of value locally and globally.”