There are many very prominent people who are not fans of Bitcoin. One of the most famous of these people is Mark Cuban. He made his fortune in the tech industry and became a billionaire. He has become a celebrity thanks to his role on the show “Shark Tank.” This show features people trying to get Mark and other wealthy investors to put their money into their ideas. Mark recently said that bananas have more value than Bitcoin. He is not a fan of cryptocurrency in general. He believes that there is no intrinsic value in Bitcoin. That is why he stays away from it.
This is not the first time that Mark has made his feelings known about Bitcoin. He has said several times in the past that cryptocurrency is not a safe investment because it is very volatile. Therefore, there is a potential for people to lose their money very quickly. He has said that he believes that Facebook’s venture into the world of cryptocurrency with Libra is not a smart move on their part. He thinks that the social media giant should stick to what they do best. Branching out into cryptocurrency creates too many problems.
Mark Cuban said that one of his biggest problems is that people think Bitcoin is the solution to the world’s economic problems. In other words, if everything in the global economy tanks, people think that their money will be safe. Cuban warns that is not the case. He says that the volatility of Bitcoin makes it a very dangerous asset to trust in times of economic crisis. He urges people to not put all of their eggs into the Bitcoin basket. He recommends that people spread out their investments. He feels that too many people are thinking that Bitcoin is a bulletproof investment. He does not agree with that at all.
Mark Cuban feels that there are many other investment opportunities to put your money into that are much safer than Bitcoin. He would advise against people getting involved with Bitcoin in the hopes of making a big score. He is also very nervous about the many bad ways that cryptocurrency is used by criminals. He feels that it is better to stay away from a type of currency that is used every day to buy illegal items on the dark web. Mark admits that he never saw Bitcoin getting as big as it is today.
Dil Bole Oberoi
