RATE Group | Mark Cuban Says Bitcoin (BTC) Has Zero Intrinsic Value, But Blockchain Does – Here’s Why
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Mark Cuban Says Bitcoin (BTC) Has Zero Intrinsic Value, But Blockchain Does – Here’s Why

07 Mar Mark Cuban Says Bitcoin (BTC) Has Zero Intrinsic Value, But Blockchain Does – Here’s Why

Posted at 21:55h in Cryptocurrency News by

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Billionaire entrepreneur Mark Cuban says he believes Bitcoin (BTC) has no inherent value – but the technology that powers the leading cryptocurrency could be transformative.

In a new episode of Ask Mr. Wonderful with Kevin O’Leary, the billionaire and outspoken critic of Bitcoin says he sees a sharp distinction between crypto assets and blockchain technology. As for Bitcoin, Cuban says he views it simply as a collectible.

“You have to ask how to value it and people value it in different ways, particularly Bitcoin. So with Bitcoin, some people value it as a store of value which makes it like baseball cards, art, gold. They have value because people see value in them, not because they have intrinsic value.”

Cuban has long said he believes Bitcoin will not go mainstream because it’s too difficult for the average person to use. When asked if he likes gold better than crypto, Cuban says he prefers neither.

“I’ve never been a gold fan…

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