{"id":152963,"date":"2021-01-13T00:14:25","date_gmt":"2021-01-12T21:14:25","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/mark-cuban-is-more-into-crypto-than-hes-previously-let-on\/"},"modified":"2021-01-13T00:14:25","modified_gmt":"2021-01-12T21:14:25","slug":"mark-cuban-is-more-into-crypto-than-hes-previously-let-on","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/mark-cuban-is-more-into-crypto-than-hes-previously-let-on\/","title":{"rendered":"# Mark Cuban is more into crypto than he&#8217;s previously let on"},"content":{"rendered":"<p>&#8220;<strong># Mark Cuban is more into crypto than he&#8217;s previously let on <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>The billionaire who once said he prefers bananas to Bitcoin is now tossing around crypto terms on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> like an experienced HODLer.<\/p>\n<p>In Twitter threads that were likely precipitated by his recent comments comparing crypto to the Internet stock bubble of the late 1990s, Mark Cuban interacted with several high profile crypto figures including Gemini co-founder Tyler Winklevoss, Gokhshtein Media founder David Gokhshtein, Tron CEO Justin Sun, and others. The Dallas Mavericks owner <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mcuban\/status\/1349062803261415430\">discussed<\/a> the issues surrounding supply and demand, the costs of moving crypto, and decentralized finance, or DeFi. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Just remember WITH DeFi, as with all derivatives, the RISK NEVER LEAVES THE SYSTEM.  One segment collapses, they all face risk of collapse. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/47DsVwIJTF\">https:\/\/t.co\/47DsVwIJTF<\/a><\/p>\n<p>\u2014 Mark Cuban (@mcuban) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mcuban\/status\/1349060845062516737?ref_src=twsrc%5Etfw\">January 12, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>He debated Winklevoss over the nature of Bitcoin (BTC) and Ether (ETH), with the Gemini co-founder <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/tyler\/status\/1349019833891958797\">referring<\/a> to the cryptocurrencies as networks and not assets like stocks. Cuban argued that the digital assets \u201ctrade more based off the narratives of sellers and supply and demand than any intrinsic value,\u201d and required users to convert the tokens to fiat to realize that value. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">You are making my point.  Supply and Demand is the ONLY thing that values BTC. As far as balance sheets and debasement, we disagree. One of the challenges of sovereign BSs is valuing IP, intangibles and cost based assets.  But maybe you can tell me why inflation is minimal ? <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/3ujTVFhlSx\">https:\/\/t.co\/3ujTVFhlSx<\/a><\/p>\n<p>\u2014 Mark Cuban (@mcuban) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mcuban\/status\/1349048547992350724?ref_src=twsrc%5Etfw\">January 12, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cMy only mistake on Bitcoin in particular was underestimating your ability,\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mcuban\/status\/1349031247876661248\">said<\/a> Cuban referring to Winklevoss. \u201cYou get credit for this, to create a narrative and generate demand for it. You are the King of Get Long and Get Loud for BTC and that&#8217;s not a bad thing.\u201d<\/p>\n<p>In addition, the Mavericks owner <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mcuban\/status\/1349062803261415430\">admitted<\/a> to HODLing some crypto \u201cfrom the early days of Coinbase,\u201d seemingly around 2012 when the exchange was founded. This statement is somewhat at odds with one he made in 2019 after the Mavericks offered basketball fans the opportunity to pay for merchandise and tickets in BTC. At the time, Cuban estimated that the sales brought in $130, saying that was \u201call of the Bitcoin\u201d he owned.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/da85612f-90e9-435c-8362-1a8b77a1d6de.png\"><figcaption style=\"text-align: center;\"><em>Source: Twitter<\/em><\/figcaption><\/figure>\n<p>The billionaire has been more outspoken about crypto and blockchain this year, around the same time Bitcoin was in the middle of a price rally leading it to an all-time high of more than $42,000. Last Tuesday, Cuban said \u2014 seemingly as a joke \u2014 that he would run for President of the United States if the price of Bitcoin were to reach $1 million and officials agreed to distribute the crypto asset to all American citizens.\u00a0<\/p>\n<p>Though the price of Bitcoin is more than $35,000 at the time of publication, Cuban&#8217;s statement would give the crypto asset roughly three years to rise roughly 3,000%. While such a feat is theoretically possible, it is probably unlikely.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/mark-cuban-is-more-into-crypto-than-he-s-previously-let-on\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Mark Cuban is more into crypto than he&#8217;s previously let on &#8221; The billionaire who once said he prefers bananas to Bitcoin is now tossing around crypto terms on social media like an experienced HODLer. In Twitter threads that were likely precipitated by his recent comments comparing crypto to the Internet stock bubble of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":152964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/6764c8d0-86cd-466f-8463-1521b9087284.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74937,74868,76643,74866,117,72590],"class_list":["post-152963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-price","tag-defi","tag-hodl","tag-winklevoss-twins","tag-business","tag-mark-cuban"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/152963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=152963"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/152963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/152964"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=152963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=152963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=152963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}