{"id":248656,"date":"2021-05-13T14:49:32","date_gmt":"2021-05-13T11:49:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/mark-cuban-counters-elon-musk-says-mavs-will-continue-to-accept-bitcoin\/"},"modified":"2021-05-13T14:49:32","modified_gmt":"2021-05-13T11:49:32","slug":"mark-cuban-counters-elon-musk-says-mavs-will-continue-to-accept-bitcoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/mark-cuban-counters-elon-musk-says-mavs-will-continue-to-accept-bitcoin\/","title":{"rendered":"# Mark Cuban counters Elon Musk, says Mavs will continue to accept Bitcoin"},"content":{"rendered":"<p>&#8220;<strong># Mark Cuban counters Elon Musk, says Mavs will continue to accept Bitcoin <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvOTY5MGY5OWYtYmNhMy00ZTMzLTllODUtYzc3OTAzNzc1ZWE4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Billionaire investor Mark Cuban will not be following Tesla CEO Elon Musk\u2019s footsteps in withdrawing support for Bitcoin (BTC) payment.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mcuban\/status\/1392611938983632896\">Tweeting<\/a> in response to Musk on Wednesday, the Dallas Mavericks owner remarked that the Mavs will continue to accept Bitcoin, Ether (ETH), and Dogecoin (DOGE) as payment means for tickets and merchandise items.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We at <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/VUydpLFzGh\">https:\/\/t.co\/VUydpLFzGh<\/a> will continue to accept BTC\/Eth\/Doge because we know that replacing Gold as a store of value will help the environment  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/bs7NvnJY8A\">https:\/\/t.co\/bs7NvnJY8A<\/a> and  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/ELhbuLOBRV\">https:\/\/t.co\/ELhbuLOBRV<\/a> shrinking big bank and coin usage will benefit society and the environment <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/zu08F0STEQ\">https:\/\/t.co\/zu08F0STEQ<\/a><\/p>\n<p>\u2014 Mark Cuban (@mcuban) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mcuban\/status\/1392611938983632896?ref_src=twsrc%5Etfw\">May 12, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\u201cWe know that replacing gold as a store of value will help the environment,\u201d Cuban opined, adding: \u201cShrinking big bank and coin usage will benefit society and the environment.\u201d<\/p>\n<p>On Wednesday, Musk released a statement announcing that Tesla will no longer accept Bitcoin payments on account of the carbon footprint associated with BTC mining. Musk\u2019s announcement likely triggered a significant market correction with Bitcoin dipping below $50,000 and the entire crypto market capitalization shedding over 10%.<\/p>\n<p>The Tesla CEO has also doubled down on his Bitcoin mining energy concerns with a follow-up <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1392780304138473473\">tweet<\/a> on Thursday morning alluding to energy usage trends which Musk characterized as \u201cinsane.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Energy usage trend over past few months is insane <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/E6o9s87trw\">https:\/\/t.co\/E6o9s87trw<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/bmv9wotwKe\">pic.twitter.com\/bmv9wotwKe<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1392780304138473473?ref_src=twsrc%5Etfw\">May 13, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bitcoin mining energy consumption continues to be a subject of debate as well as a popular narrative for BTC critics who often espouse the \u201cocean boiling narrative.\u201d However, several Bitcoin backers dispute these arguments stating that miners are buyers of last resort for renewable energy producers.<\/p>\n<p>Musk abandoning Bitcoin payments for Tesla also coincides with the company\u2019s carbon credit aspirations. According to a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/sustainable-business\/exclusive-tesla-seeks-entry-into-us-renewable-fuel-credit-market-sources-2021-05-12\/\">report<\/a> by Reuters on Wednesday, the electronic vehicle manufacturing giant is among one of eight firms with pending <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications at the United States Environmental Protection Agency.<\/p>\n<p>Back in April, U.S. President Joe Biden <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2021\/04\/22\/fact-sheet-president-biden-sets-2030-greenhouse-gas-pollution-reduction-target-aimed-at-creating-good-paying-union-jobs-and-securing-u-s-leadership-on-clean-energy-technologies\/\">set<\/a> a 2030 net-zero emission goal likely making the multi-billion-dollar U.S. carbon credit market all the more enticing for companies like Tesla. The global carbon credit market reportedly grew 20% in 2020 to reach $272 billion according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.spglobal.com\/platts\/en\/market-insights\/latest-news\/coal\/012721-global-carbon-market-grows-20-to-272-billion-in-2020-refinitiv\">data<\/a> from financial analysis firm Refinitive.<\/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-counters-elon-musk-says-mavs-will-continue-to-accept-bitcoin\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Mark Cuban counters Elon Musk, says Mavs will continue to accept Bitcoin &#8221; Billionaire investor Mark Cuban will not be following Tesla CEO Elon Musk\u2019s footsteps in withdrawing support for Bitcoin (BTC) payment. Tweeting in response to Musk on Wednesday, the Dallas Mavericks owner remarked that the Mavs will continue to accept Bitcoin, Ether&#8230;<\/p>\n","protected":false},"author":1,"featured_media":248657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvOTY5MGY5OWYtYmNhMy00ZTMzLTllODUtYzc3OTAzNzc1ZWE4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,76276,74863,74891,74355,39394,10595,72590],"class_list":["post-248656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-payments","tag-cryptocurrencies","tag-ethereum","tag-adoption","tag-elon-musk","tag-environment","tag-mark-cuban"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/248656","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=248656"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/248656\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/248657"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=248656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=248656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=248656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}