Bitcoin vs. Bananas: Mark Cuban: “It is easier to trade bananas as a raw material than with Bitcoin” | message
Forex in this article
Cuban prefers to buy bananas instead of Bitcoin
The blockchain is developing too slowly
Central bank policy brings hope
Mark Cuban, the owner of the Dallas Mavericks basketball team, has been very critical of cryptocurrencies and Bitcoin in the past. The self-made billionaire always criticizes the limited and complicated application possibilities of the digital currency.
Cuban compares Bitcoin to bananas
The Shark Tank star recently criticized the complicated concept around Bitcoin in a podcast with crypto expert Anthony Pompliano. – Trade Bitcoin with Plus 500 – how it works. 76.4% of retail CFD accounts lose money. – The billionaire said in an interview to Wired.com in September that he would “rather have bananas than Bitcoin” because bananas would at least have an intrinsic value. The billionaire renewed this opinion in the so-called “The Pomp Podcast” and said: “It is easier to trade with bananas as a raw material than with Bitcoin. And I can still eat this banana before it goes bad, and so all of me Got potassium for my workout. ”
The billionaire criticizes the complexity
When asked by Pompliano, what it would take to change his mind about Bitcoin, Cuban replied: “It should be so easy to use that it’s a breeze for everyone.” “It would have to be completely smooth and understandable for everyone.” So simple that “Grandma could do it,” said the crypto skeptic in the podcast. Only then could one say that it is an alternative to gold as a store of value.  With gold you have at least gold coins – I could use gold bars as furniture, “continued Cuban.
and the compulsory link to fiat money
“You have to [Bitcoin] output because at the moment you still have to convert it to everything you need. And as long as you have to convert it, you’re still dependent on fiat money, “said the TV star on the podcast.” The fact that we argue so much about it ”just proves that it’s difficult,” Cuban said of the complexity of the cryptocurrency.
TV star criticizes the slow development of the blockchain
Even though Mark Cuban is extremely critical of Bitcoin, he’s still a big supporter of blockchain technology. However, he criticizes the, in his eyes, much too slow development process. “Blockchain is a great opportunity, but in reality we haven’t seen blockchain applications really on the rise, [denn] there is uncertainty in all the different types of cryptos and all the arguments between them all, “said the self-made billionaire on blockchain technology.
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The last chance for Bitcoin?
Despite the harsh criticism Mark Cuban voiced in the “The Pomp Podcast” against Bitcoin, the billionaire sees a last chance that could soon inspire Bitcoin. “To the potential benefit of Bitcoin: When everyone is in the [digitale Whrung] because we print so much money and there are global ramifications, Bitcoin has a lot to process, and if we don’t, Bitcoin has nothing, “Cuban said of Bitcoin and its potential role as a” safe haven “or inflation protection.
Pierre Bonnet / editors Forex-news.com.net
Image sources: Andrew Angelov / Shutterstock.com