Mark Cuban wants to buy more Bitcoins

[krishnaverma]

Link to news
https://www.cnbc.com/2022/12/28/mark-cuban-wants-to-buy-more-bitcoin-says-gold-investors-are-dumb.html

So another celeb is showing trust and faith in bitcoin. Mark Cuban considers more strength in bitcoin in comparison to Gold. Do you agree with him ?

[Don Pedro Dinero]

I think you made a mistake in the title of the thread, it would be more eye-catching to put the second part:

He

says gold investors are ‘dumb’

It would be interesting to see a debate between him and Peter Schiff.

That he also thinks that bitcoin is like an enhanced digital gold makes me think that we are on the right track despite the price drop, if many billionaires come to think the same, it is only a matter of time before mass adoption and a considerable revaluation.

[bittraffic]

I think you made a mistake in the title of the thread, it would be more eye-catching to put the second part:

He

says gold investors are ‘dumb’

It would be interesting to see a debate between him and Peter Schiff.

That he also thinks that bitcoin is like an enhanced digital gold makes me think that we are on the right track despite the price drop, if many billionaires come to think the same, it is only a matter of time before mass adoption and a considerable revaluation.

I think there was already a debate about this with Saylor on the BTC side. Schiff is just like an old dog like Buffet who don't adopt. But you could understand that because even central banks today are buying gold and preparing for the Gold standard due to the global shift.

Distinguishing Peter Schiff's shilling of gold discussions, I think his views on what the markets are doing are actually better than Cubans. Especially his idea of what the FED is doing currently and so forth.

Cuban is not a new celeb getting into crypto, he had been advocating not just BTC for a long time.

[NeuroticFish]

Schiff is just like an old dog like Buffet who don't adopt.

I think that all he's doing is in the name of the show.
All his "bashing" of Bitcoin is actually a great advertising and can help adoption. For "an old dog [..] who don't adopt" he's paying waaay to much attention and spend too much time posting about Bitcoin.
Even more, his son does have bitcoins, pretty convenient, huh?

[blockman]

Mark is a known bitcoin/crypto investor. In fact, since Mark Cuban owns Dallas Mavericks, there was this news years ago about the team will start to accept payments in crypto for tickets related to Dallas, well this was in 2018.
(https://cointelegraph.com/news/nbas-dallas-mavericks-will-accept-bitcoin-for-tickets-mark-cuban-promises)
I don't know if that had came into reality since 5 years has passed but this has came from Mark himself.

[hugeblack]

I don't know, but as an investor trying to increase his profits and seeing Bitcoin as a good opportunity for him, what is exciting about this news? We are in the year 2023 and news from companies, governments and large sectors is supposed to be the most important. As for investments from individuals, they are nothing more than an increase in adoption, which has reached almost all continents.

[Leviathan.007]

Link to news
https://www.cnbc.com/2022/12/28/mark-cuban-wants-to-buy-more-bitcoin-says-gold-investors-are-dumb.html

So another celeb is showing trust and faith in bitcoin. Mark Cuban considers more strength in bitcoin in comparison to Gold. Do you agree with him ?

To be honest I could belave the article until I saw the other link here saying the same thing about Mark Cuban: https://fortune.com/2022/12/24/mark-cuban-defends-bitcoin-crypto-slams-gold-investing/
Even if they consider bitcoin a highly profitable investment still I think we cannot say other investment assets like gold and others assets are not good for investing because the investment plan for everyone depends on what they think and how they want to invest, gold is safe haven for long term investors and but bitcoin is giving more reward by having more risk.

[MinoRaiola]

He criticises old asset classes and presents Bitcoin as a new opportunity, that's great. But he compares gold with a digital transaction, that is not correct. Digital assets are worth more now and can be converted much faster. He's smart and has a lot of money to play with, or have to play with, otherwise inflation will eat it up. So he is definitely toying with the idea that his bitcoin money will be worth more at some point. He could use it to buy a Dallas Mavericks player or pay a salary. Why not, there have already been a few players who wanted that.

[bitcampaign]

Link to news
https://www.cnbc.com/2022/12/28/mark-cuban-wants-to-buy-more-bitcoin-says-gold-investors-are-dumb.html

So another celeb is showing trust and faith in bitcoin. Mark Cuban considers more strength in bitcoin in comparison to Gold. Do you agree with him ?

wouldn't it be great if a lot of people want to buy bitcoin as their investment, but there's no need to compare it to other assets because everything has value, bitcoin when the bull market usually goes up can be hundreds of times different from gold so to find quick wealth buying bitcoin is the best way

[Woodie]

I find this hard to believe, is this not the same man that says his anticipating another crypto crash to happen after most centralized exchanges are done with wash trading Am sorry to say these guys don't mean well at times because at the end of it he has more to gain than lose, imagine the publicity his taping into that is benefiting his businesses... This is a selfish move I don't buy this.

[mindrust]

Link to news
https://www.cnbc.com/2022/12/28/mark-cuban-wants-to-buy-more-bitcoin-says-gold-investors-are-dumb.html

So another celeb is showing trust and faith in bitcoin. Mark Cuban considers more strength in bitcoin in comparison to Gold. Do you agree with him ?

Anybody with any common sense would agree with him. Bitcoin is superior to gold in many ways. Bitcoin is portable, gold is not. Bitcoin can act as a currency, gold can too in theory but it is not practical to use gold as a currency. Bitcoin has limited supply. Gold has near infinite supply because of astro mining. Should I continue?

Drop gold, buy bitcoin. Bitcoin is the new gold.

[qwertyup23]

Link to news
https://www.cnbc.com/2022/12/28/mark-cuban-wants-to-buy-more-bitcoin-says-gold-investors-are-dumb.html

So another celeb is showing trust and faith in bitcoin. Mark Cuban considers more strength in bitcoin in comparison to Gold. Do you agree with him ?

Interesting that Mark Cuban has taken a liking in investing into cryptocurrencies. I remembered he starred in a YouTube video where he explained his skepticism in purchasing BTC in his portfolio. But along with that statement, he also did mention that cryptocurrencies would evolve into a bigger picture where the world will start to adapt and adopt its use.

Maybe this coming 2024 where another fork will happen, he might take advantage of such situation and sell his BTCs once its price increases.

[avikz]

Rich people can always buy bitcoins and other risky assets. That does not mean anything to small investors like us. Mark is seeing potential profit in bitcoin and planning to buy some. That's what drives us all - potential profit.

Also it is a very well known fact that bitcoin has more potential than gold because gold is meant for capital protection. Gold is usually not used for investments with high return expectation. While bitcoin is used for just that. So let's not compare them and let's not get influenced by rich investors like Mark.

[panganib999]

Link to news
https://www.cnbc.com/2022/12/28/mark-cuban-wants-to-buy-more-bitcoin-says-gold-investors-are-dumb.html

So another celeb is showing trust and faith in bitcoin. Mark Cuban considers more strength in bitcoin in comparison to Gold. Do you agree with him ?

Interesting that Mark Cuban has taken a liking in investing into cryptocurrencies. I remembered he starred in a YouTube video where he explained his skepticism in purchasing BTC in his portfolio. But along with that statement, he also did mention that cryptocurrencies would evolve into a bigger picture where the world will start to adapt and adopt its use.

Maybe this coming 2024 where another fork will happen, he might take advantage of such situation and sell his BTCs once its price increases.

What sets Mark from other old world capitalist tycoons is how progressive he thinks when it comes to investments and the likes. You wouldn't catch him sitting in a dusty office twiddling his fingers about blue-chip stocks, he actively considers ventures that some of his peers may find absurd. At least that's how I see it. Anyways, this just goes to show how true that previous statement is, he knows there is potential in crypto right from the get-go and even if he didn't immediately jump in, he is not so arrogant as to dismiss crypto unlike other big investors.

[pixie85]

Mark is a known bitcoin/crypto investor. In fact, since Mark Cuban owns Dallas Mavericks, there was this news years ago about the team will start to accept payments in crypto for tickets related to Dallas, well this was in 2018.
(https://cointelegraph.com/news/nbas-dallas-mavericks-will-accept-bitcoin-for-tickets-mark-cuban-promises)
I don't know if that had came into reality since 5 years has passed but this has came from Mark himself.

Cuban is like a feather in the wind.


Mark Cuban says he’d rather ‘have bananas than bitcoin’ because they’re more useful
Published Fri, Oct 4 2019
https://www.cnbc.com/2019/10/04/mark-cuban-on-the-value-of-bitcoin.html

Billionaire Mark Cuban Is No Longer Excited About Crypto
Sep 8, 2022
https://www.thestreet.com/investing/cryptocurrency/billionaire-mark-cuban-says-crypto-is-missing-something

I hope none of you is investing because you saw Mark Cuban or Kevin O'leary speak about bitcoin.

[romero121]

More investors have turned themselves towards bitcoin. Same as that Mark Cuban have got into bitcoin and has planned to increase the portfolio. All over the world the acceptance level is low, but the adoption from people like Mark Cuban keeps the market good understanding the real potential. What these people does is really important and required for the healthy growth.

[Die_empty]

Link to news
https://www.cnbc.com/2022/12/28/mark-cuban-wants-to-buy-more-bitcoin-says-gold-investors-are-dumb.html

So another celeb is showing trust and faith in bitcoin. Mark Cuban considers more strength in bitcoin in comparison to Gold. Do you agree with him ?

I am not so excited when I hear news of most celebrities buying bitcoin. They might have good intentions of buying it but sometimes they also give the sector very bad publicity. It is true that in some cases they also affect the bitcoin space positively, but some of them easily lose interest in their investment and publicly sell their coins which would give the press the opportunity of targeting and criticizing bitcoin. It would be better if they buy it without publicity and if they want to sell it they should also do that secretly. This year my expectation is that more multinational companies and at least three countries would adopt bitcoin as a means of payment and legal tender.    

[TravelMug]

Link to news
https://www.cnbc.com/2022/12/28/mark-cuban-wants-to-buy-more-bitcoin-says-gold-investors-are-dumb.html

So another celeb is showing trust and faith in bitcoin. Mark Cuban considers more strength in bitcoin in comparison to Gold. Do you agree with him ?

Old news though, if I'm not mistaken, Cuban was a anti-bitcoin, but then made a U-turn, however, he is not that advocate as compare to Saylor, he is just low key right now with his bitcoin investment but sometimes you will hear him talk about it. So it is not like another celeb showing trust on and faith bitcoin, in my opinion.

As for the gold vs bitcoin, this has been debated/discussed to death as well in this community and for sure there are no sure winning in the end.

[adaseb]

Well the difference between him and most other celebrities and influencers is that he is actually bullish at the bottom, which is complete opposite to most other celebrities.

How many influencers did we have in late 2021 which were saying Bitcoin will go to $100K or $250K or something crazy like $1M. They got so many to bag hold that is why many left crypto all together. At least Mark is saying this when we are in a bear market.

[Don Pedro Dinero]

Well the difference between him and most other celebrities and influencers is that he is actually bullish at the bottom, which is complete opposite to most other celebrities.

How many influencers did we have in late 2021 which were saying Bitcoin will go to $100K or $250K or something crazy like $1M. They got so many to bag hold that is why many left crypto all together. At least Mark is saying this when we are in a bear market.

I agree, and I think this is because he, as a billionaire, knows that business is done when you buy cheap. Another thing that very rich people like him tend to have is a long-term view. He is not thinking, as a retail investor might, of buying now and selling at $25k to make a small profit. He's probably thinking about holding for a couple of cycles at least.