RATE Group | Mark Cuban prefers gold to Bitcoin
73488
post-template-default,single,single-post,postid-73488,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Mark Cuban prefers gold to Bitcoin

27 Dec Mark Cuban prefers gold to Bitcoin

Posted at 05:10h in Bitcoin News by

[ad_1]

  • Cuban said that the Bitcoin miners are contractors who join the network only to pocket rewards.
  • Cuban owns $549 worth Bitcoin after his NBA team Dallas Mavericks started to accept it in 2019. 

Mark Cuban, an American investor, had earlier stated that Bitcoin had no chance to become a viable cryptocurrency. Recently, he addressed the everlasting debate between Bitcoiners and gold enthusiasts, stating that he prefers gold. Cuban owns $549 worth Bitcoin after the Dallas Mavericks started to accept it in 2019. Upon asking how much gold he owns, Cuban said that he has bought some jewelry. 

No. But I bought jewelry with gold in it and have seen how it’s used to make electronics.

Bitcoin bull, Anthony Pompliano, called Cuban’s attention to the fact that Bitcoin represents the strongest computational network, which undoubtedly has a lot of value. 

Each miner is competing to provide as much computing power as possible for the lowest cost. That competition…

[ad_2]

Source link

Tags:
, , , ,