IN the last episode of Anthony Pompliano’s podcast Billionaire investor and owner of the NBA Dallas Mavericks, Mark Cuban, talked about his thoughts on Bitcoins. (BTC).
Bitcoin can be successful
Despite the adoption Bitcoin is a slow-moving process, and because of the lack of understanding of the idea of technology among the general public, Cuban believes that cryptocurrency can be successful. It will be real if the economic crisis accelerates.
When asked what needs to be done to change his skeptical approach to Bitcoins, Cuban said:
“It would have to be so easy to use that I wouldn’t have [żadnych] doubts”.
He added that cryptocurrency must be “Understandable to everyone, and then you can say that it is an alternative to gold as a resource of value.” In his opinion, it is necessary to make BTC able to pay “his grandmother”.
Bananas are still better than Bitcoin
In this respect, according to Cuban, Bitcoin is worse than bananas.
– You still have to convert it to everything you want – added – As long as you need to convert it, you’re still addicted to Fiats, no matter what you say.
“I can trade bananas more easily as a commodity than I can trade Bitcoins, and I can still eat this banana before it breaks and get all my potassium [potrzebny] on training”
– he described the problem graphically.
He reminded that he introduced Bitcoin payments in the Mavericks online store a few years ago, but “Nobody bought anything [ za BTC]”.
Following the reintroduction of BTC payments, which took place in August 2019, Cuban estimates that this “new” method has brought the company $ 130. “That’s all Bitcoinywhich I have now “ – added.
Although Cuban acknowledges that blockchain can offer great opportunities for companies, it ensures that “We haven’t really seen blockchain applications really start”.
However, he believes that Bitcoin may gain value, but only in the scenario when “Everything is falling apart because we print so much money and it has global consequences.”
So we began to live at a time when a man who prefers bananas over cryptocurrencies admits that BTC can get price-wise due to the policies of central banks. It is hard to get a better signal that we have a crisis.
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