On Monday (January 11), American billionaire entrepreneur and investor Mark Cuban shared his thoughts on the crypto market.
Cuban is the majority owner of the professional basketball team Dallas Mavericks, as well as one of the “sharks” on the highly popular reality show “Shark Tank” (which is aired on the ABC television network).
Yesterday, Cuban took to Twitter to express how he feels about the cryptoasset market. He seems to have confidence in the ability of Bitcoin, Ethereum, and certain altcoins to survive the current speculative bubble in the same way that a few great startups, such as Amazon, eBay, and Priceline survived the dot-com bubble while the rest failed.
He also said that “crypto, much like gold, is a supply and demand driven.”
When asked about Bitcoin, he replied that he thinks of it as “a store of value.”
On 23 December 2020, Cuban tweeted to his eight million followers that if they spend their BTC to buy Dallas Mavericks merchandise, they can now get a 25% discount.
The report went on to say that the Mavs have been accepting Bitcoin as a means of payment for game tickets and merchandise the past 1.5 years, and that they use crypto payment processor BitPay to process Bitcoin payments.
It also had the following quote from Cuban:
“We want our fans who would like to pay with Bitcoin the opportunity to do so. BitPay allows our global fans to seamlessly make purchases with the Mavs.”