The billionaire and famous Bitcoin critic Mark Cuban told Anthony Pompliano in his podcast what must happen in the world to own a Bitcoin to be profitable.
In the recent issue of "Off the Chain" podcast, Morgan Creek Digital co-founder and partner Anthony Pompliano talked to the cryptic skeptic Mark Cuban.
Among other things, Pompliano found out from Cuban what changes should happen in the cryptosphere for him to consider bitcoin a valuable asset.
"Bitcoin should be easy to understand and use for everyone, even for people without technical skills. Only then can Bitcoin be seen as an alternative to gold, a recognized storage asset", — stated Cuban.
CUBAN believes Bitcoin is not even suitable as a means of payment:
"In terms of transactions, bitcoin gives the user complete freedom. But you can't spend it. To do that, you need to convert it into something. So the crypt currency is still dependent on fiat currencies.
Mark Cuban repeated his joking statement in 2019 that bananas have more practical value because they can at least be eaten:
"Easier to trade bananas, at least I can eat them."
In the same year of 2019, a billionaire said that gold was much more useful than the first crypt currency, as the gold bullion can at least be used as an interior item, while bitcoin is completely virtual. However, he said, he owns bitcoins worth about $130.
Cuban also expressed doubts about the entire cryptographic industry. In his opinion, none of its applications has yet gained mass practical application.
And yet, Cuban noted one scenario where Bitcoin can prove itself - the fall of the world economy due to the loss of confidence in the fiat system as a result of the mass emission of money by the authorities.
According to Forbes estimates, in 2019, the state of Cuban exceeded $4 billion.
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