Mark Cuban: Bitcoin is too complicated for understanding

[vc_row][vc_column][vc_paragraph text=”The newly minted billionaire commented on cryptocurrencies stating that he was not Bitcoin fun and he would rather use bananas as a medium of exchange.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Billionaire and his view on using crypto” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Mark Cuban is an American billionaire known as the owner of Dallas Mavericks, one of NBA baseball team.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Cuban appeared the center of attention not only due to his business achievements but also because he implied that he could run for the White House in anticipation of the US presidential election in 2020.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The unusual comparison of crypto was made during the podcast ‘The Pomp Podcast in recent days’ where Cuban was as guest of Anthony Pompliano. There he told about his attitude towards cryptocurrecies and Bitcoin noting that they are “too difficult to understand”.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This statement was exactly what was said by the entrepreneur last year in December, “Too complicated to use, too easy to hack, difficult to understand and to evaluate”.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Earlier, during the Twitter discussions which participants were Jimmy Song, Anthony Pompliano, Preston Pysh and Nick Sabo, Mark Cuban commented, “You don’t need to convince me. You should convince your neighbors. If they don’t see any value in Bitcoin, that’s a problem you need to solve. I am not against BTC, and I understand the arguments for it. There are so many great products and services in the world that failed because of absence of consumers”.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Also the entrepreneur explained why it is so important for BTC to be widely accepted, “currently it still requires converting and in case BTC needs to be exchanged for cash it will still depend on fiat currencies and governments that control its emission. It’s easier to trade bananas than Bitcoin’s since I can eat a banana before it is spoilt and take some potassium for my exercise”.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Actually, Mark Cuban tried to enter the crypto world but he hasn’t succeeded.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”As Forbes reports, last year the entrepreneur invested in a bet platform that used digital tokens and Venture Capital crypto. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”He also was experimenting with crypto as a method of payment for his baseball team.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”It seems that the limited success of these initiatives made Cuban treat Bitcoin skeptical.”][/vc_column][/vc_row]