Mark Cuban says that public companies have a thing or two to learn from Bitcoin, after introducing a special BTC-related discount for Mavs purchases. Does this mean that Cuban started to change his mind on crypto? Let’s find out in today’s BTC news.
The US billionaire entrepreneur and owner of the Dallas Mavericks, Mark Cuban says that public companies need to consider bitcoin, which means he is still controversial about his stance on the benchmark cryptocurrency. he previously asserted that he prefers bananas over BTC as they have more utilization but then said that public companies should learn something from it.
The 62-year old businessman is among the most popular American billionaires after his participation in the popular TV series Shark Tank. Being a popular investor, Cuban receives plenty of questions about his stance on BTC. The NBA team that he owns was among the first to introduce BTC as a payment method for tickets and merch. However, he said that people failed to show real interest in BTC transactions.
Bitcoin’s skyrocketing popularity over the past few weeks caught his attention once more and he even introduced special discounts on using BTC for purchases. While this could have been a marketing trick, his latest tweet looks more optimistic. Cuban outlined one of the BTC biggest benefits which is the limited supply while comparing it to public companies that issue new shares of stock. He thinks that if these companies restrict the share inflation, it will appreciate the value of the existing stocks.
Public companies should learn a lesson from BItcoin and commit to not issue new shares of stock. Ever. Their stock prices would immediately jump.
— Mark Cuban (@mcuban) December 27, 2020
Despite looking at Pro-BTC, Cuban was quite dismissive about the quality of the asset in the past. He indicated that the Mavs failed to attract more BTC payments and questioned if anyone uses the cryptocurrency as a currency. He claimed that BTC is complicated to use for everyday purchases and has to become friction-free and understandable in order to get to a mass adoption phase. Cuban mentioned a few times that he prefers trading bananas rather than BTC because:
“I can still eat that banana before it goes bad and get all of my potassium for my workout.”
He has also outlined the many potentials of the benchmark cryptocurrency that succeeded as a store of value, especially following the amount of printed fiat currencies.
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