Mark Cuban Still Not a Fan But Admits Bitcoin “Price Will Go Up”

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Last Updated on 23 March 2021 by CryptoTips.eu

Jeroen Kok

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Mark Cuban, Shark Tank’s most illustrious financier which every entrant wants to have on their side, apparently still hasn’t changed his mind on Bitcoin. However, the Dallas Mavericks’ billionaire owner did admit that because of the way bitcoin is set up, when demand outstrips supply, the price will go up. We explain.

Cuban, the charismatic billionaire, is one of the ultimate backers to have for Bitcoin as his approval would bring a lot of Wall Street money to the cryptosphere. Even though Silicon Valley as of late seems convinced of the utility of Bitcoin and crypto in general given the backing of Square and PayPal, Mak Cuban is still not totally on board.

Asked by business magazine Forbes whether the 2020 Bitcoin rally were enough to make Cuban a believer, he responded:

My thoughts haven’t changed. It’s a store of value like gold that is more religion than solution to any problem.

Advertentie.

Simplify

Cuban has been asked repeatedly by those in the cryptosphere to become a fan, and although he admitted on social media to having bought some, he still feels crypto needs to simplify itself in order to become more popular.

Then again, Mark Cuban did admit that Bitcoin had a good run in 2020 and would probably continue to go up in the short run as:

Unlike gold, because of the finite number of BTC that will be available and the nature of HODLing, when demand outstrips supply, the price will go up and vice –versa.

Shark Tank Mark is still not on the Bitcoin side completely, but it sure looks like he’s starting to turn.

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