Mark Cuban Says Cryptocurrencies and Blockchain Are The FutureOctober 6, 2017 10:23 pm
American billionaire investor and television personality Mark Cuban came out in support of bitcoin technologies on Friday, saying that he sees Bitcoin and its underlying Blockchain as the way of the future, according to CoinTelegraph.
Cuban also dismissed the claims made that the leading digital currency was not real and had no intrinsic value.
During an interview with Bloomberg, Cuban said that Bitcoin was still just like traditional stocks that investors can buy and sell.
“It’s interesting because I think there are a lot of assets that have values based on just supply and demand. You know, most stocks, they don’t have any intrinsic value, no true ownership rights, no voting rights, you just have the ability to buy and sell those stocks. They’re like baseball cards and I think Bitcoin is the same thing,” Cuban said.
Cuban also said he was personally exploring into buying into Bitcoin and the cryptocurrency market after confirming that he had already invested in the leading digital currency, along with several initial coin offerings (ICOs).
“I have bought some, bought it through an ETN based on a Swedish exchange because that gave me liquidity. I am also involved with ICOs, actually token sales, because I think Blockchain is a great platform for future applications,” said Cuban.
Previously Cuban dismissed cryptocurrency as a “bubble,” but his new moves seem to be resembling the bullish rise of cryptocurrencies as his team has been investing in ICOs and Blockchain projects.
–WN.com, Maureen Foody