Mark Cuban has flip flopped on the issue of Bitcoin and cryptocurrency repeatedly.
The billionaire Shark Tank star is an investor in a number of blockchain companies, in fact, including the one that owns the app Dust, which uses blokchain and cryptography to enable secure SMS.
Cuban has also admitted to owning Bitcoin in the past. Nonetheless, the billionaire and angel investor decided to cast shade on the crypto community once again today, saying he’d rather have bananas than BTC.
Bananas to Bitcoins
Cuban gave a Q&A that happened to go live on YouTube as the price of Bitcoin struggled to keep its head above $8,000 this week and late last.
The billionaire investor said:
“Your artwork might look good on the wall but not much you can do with it. Bitcoin — there’s even less you can do with it: at least I can look at my baseball card […] I can look at artwork. […] I say it’s like gold. Gold is a religion: people who are really into gold — they’ll tell you that there’s a bad depression and things go to hell in a handbasket, if you own gold then you’ll be okay. No, you won’t! You carry around a gold bar — someone’s gonna hit your ass, knock you out and steal your gold bar and it’s gonna happen again and again and again. I’d rather have bananas, I can eat bananas.”
The comments will rouse members of both the metals and the Bitcoin community.
Often enough, people who like gold also like Bitcoin, and vice versa, and as Cuban says, many feel a certain affinity for the assets that borders on obsession.
Known as “maximalists,” there is indeed a class of Bitcoiner who might often tick all the boxes of a devout religious subject.
Watch the video below and decide if Cuban is right this time or not, or whether he’ll stick to his rhetoric the next time Bitcoin crosses $20,000.