Can we assert now that Mark Cuban changed his mind about Bitcoin amid the latest news? Recent special BTC-related discounts for Mavs purchases and Cuban's tweet may signify he took a Bitcoin side?
Bananas or Bitcoin?
Mark Cuban, the US billionaire entrepreneur and owner of the Dallas Mavericks is pretty skeptical towards the leading digital asset saying he would prefer bananas over Bitcoin:
“I can still eat that banana before it goes bad and get all of my potassium for my workout… I can eat bananas. Crypto… Not so much.”
But in his latest tweet Cuban suggested that public companies should learn from BTC.
Cuban gained his popularity after his participation in the well-known reality TV series Shark Tank. As a fintech investor, he often is being asked about his opinion regarding cryptocurrencies.
The Dallas Mavericks, his NBA team, was one of the first to accept Bitcoin as a means of payment for products and tickets. But the billionaire said people didn't show much interest in crypto payments.
Bitcoin Lesson
However, with the strong popularity and mass adoption of the most advanced digital currency, he put special discounts on making any purchases with the Mavs using Bitcoin.
In addition, a few days ago Cuban noted that one of the most perceptible advantages of Bitcoin is limited supply and compared it to public companies that issue new shares.
Cuban assured that if companies also limit their share inflation, this would increase 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."
Besides, Cuban highlighted the biggest benefit of Bitcoin as a store of value, which is so relevant after the extreme amount of freshly printed fiat currencies.
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