RATE Group | Mark Cuban Sounds Ignorant Blasting Bitcoin’s Security and Value
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Mark Cuban Sounds Ignorant Blasting Bitcoin’s Security and Value

Mark Cuban Sounds Ignorant Blasting Bitcoin’s Security and Value

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  • Mark Cuban attacks bitcoin and says that the cryptocurrency has zero chance to become a reliable currency.
  • Cuban made his billions by investing early in the internet.
  • It would seem that the billionaire has the wrong idea on the security and value of the top cryptocurrency.

Mark Cuban caught the attention of the cryptocurrency community after he criticized bitcoin in a Forbes article. The self-made billionaire said the number one cryptocurrency has “no chance” of becoming a reliable currency. In the article, Cuban also said that the digital asset is,

Too difficult to use, too easy to hack, way too easy to lose, too hard to understand, too hard to assess a value.

That’s rich coming from someone who made billions leveraging the power of the internet in its early days. Back then, there was a lot of optimism behind the potential of the internet. That optimism drove Yahoo executives to pay $5.7 billion for Cuban’s streaming service.

Today, the cryptocurrency industry is still…

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