Bitcoin, Cuban said, is "a store of value...that is more religion than solution to any problem.
""No matter how much [bitcoin] fans want to pretend that it's a hedge against doomsday scenarios, it is not," Cuban said. "Countries will take steps to protect their currencies and their ability to tax, so the more people believe this is anything more than a store of value, the more risk of government intervention they face."
Exactly
Bitcoin is a solution to this .
Anything for doomsday scenarios ? Not Bitcoin or religion ? Then what ?
Gold and silver!!!
Somewhere a MAGAt just lost its wings.
To be fair, nothing will help in doomsday scenarios. Hence the name.
Agree yet momentum + self-fulfilling prophecies = higher valuations
BTC is a great international alternative to the Dollar in high inflation countries. I know my local Walmart doesn't currently accept Gold.
I’m sure crony capitalism will help.
I suggest Mr cuban follow some stories out of Venezuela to see how some folks are surviving even with a government Crack down on use of said currency.
Its just as fluid as the FIAT money the our US currency is based on.
.....from the same guy that passed on investing in BarstoolBigCat’s brain
It’s a pyramid scheme. Just don’t be last one in or out lol.
Yeah he’s part of Davos elites I’m guessing TheGreatReset plan . They want one world digital currency
At the height of the protests, when cities were on fire, Bitcoin was dropping. In that regard, Mark Cuban appears to be correct. When it feels like society is on the brink of collapse, digital assets aren’t particularly attractive. I hope that we never prove this out.
Now that he said this. I am buying more Bitcoin 🚀🚀🚀
It helps with the MMT doomsday scenario that is ahead of us.
Both religion & Bitcoin are made up of the same pyramid principles...bring your friend to church...so the church can get more tithings & offerings, why does bitcoin desciples always try and lead you to their god that is also not anchored in anything of value. Very good analogy.
If the feds keep blowing up asset prices via easy USD bitcoin will go to 100k. If they let markets find equilibrium and stop intervening with artificially low interest rates and money printing bitcoin will die. Otherwise, bitcoin to the moon
The biggest misconception about bitcoin is that it’s some kind of doomsday currency. Truth is if financial markets collapsed bitcoin would be worthless. A bet on bitcoin is a bet that feds will print to perpetuity. If fed raised interest rates that would be the end of it
Agree with Cuban
Crypto is the distraction they created to keep people from buying the precious metals tech companies need. People put money in crypto and it helps keep the cost of precious metals low.
He sounds a bit Salty for not recognizing what many wiser tech individuals have come to acknowledge about the value of Bitcoin
In every bitcoin thread i say 99% of bitcoin is owned by less than 1% of people just like the dollar and all the crypto pimps shut the fuck up and disappear
Must be read Bitcoin
cryptoballoffcl Looking at the human history of religion and stupidity, and religion has done financially rather well.
The upcoming Bitcoin crash will be even more spectacular than the last one, can't wait!
Love all u broke asses commenting on him 🤣🤣
Is there a point where Bitcoin becomes real to naysayers? Sincere question.
In a doomsday scenario, we are all totally screwed, so why bother? Only idiots buy apocalypse insurance. Bitcoin will be a thing, get over it.
Mark Cuban, in my opinion, has no financial skills other than working hard and having a niche skill, I wouldn’t listen to his input on bitcoin, not to mention “bitcoin” in his reference of being a religion, would infer all coins would follow that theory, which is 100% wrong
It seems ego is getting in the way of seeing clearly
Not religion. Religions have lasted thousands of years & still going strong. Bitcoin is cult.
In a doomsday scenario, yes he's correct. When bitcoin builds bridges, roads, schools, etc you'll have more people buying in. No pun intended. After Taxes are disclosed next year, more people will believe. Full Disclosure: BTC and I met in 2012.
Aka gambling
In doomsday scenario, you had one bitcoin and I had a can of black bean. (I am eating it almost finished.) Would you like to trade one bitcoin for a can of black bean? Me :' Hell no motherfuckers.'
I wonder if someone said back then: I don’t get the tulip futures!
Sounds like someone who didnt buy bitcoin
He’s just jealous because he wasn’t smart enough to get into it when it was $1200.
Say's a jealous man that did not invest in it
this is good from the guy who thinks slave labor in China is Ok well NBA owner need media spin
So cash has value because it’s flammable?
Well, you are really buying numbers in a cloud aren't you?
williamlegate true. Bit coin is a bit like MAGA.
...So who WILL HELP help in a ‘doomsday scenario’?
bitcoin seems like such a scam... I guess I just 'don't get it' either. seems as if would have been a better investment
No shit.
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