This is What Mark Cuban Would Rather Have Than Bitcoin

“Shark Tank” investor Mark Cuban made a pretty bold statement about bitcoin recently.

The billionaire said he would rather have bananas than popular digital currency bitcoin.

The statement was made in a YouTube question and answer session with Wired in late September.
Cuban said, “I could eat bananas — bitcoin, not so much.”

“Crypto is so complicated for 99% of the population,” he said. “Do you put it in a device? Do you print it out? How do you keep it from being hacked? Who is going to host it for you?”

“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!” he explained.

This past summer he had criticized Facebook’s recent venture into cryptocurrency in an interview with CNBC.

“I’m not a big fan of what they’re doing there,” Cuban said of Facebook’s Libra coin project. “I think it’s a big mistake.”

“I think globally and in countries where there isn’t a lot of rule of law, or a lot of government stability, or currency stability, then it could be dangerous,” he said.

“If you’re a true adventurer and you really want to throw the Hail Mary, you might take 10% [of your savings] and put it in bitcoin or ethereum,” Cuban told Vanity Fair. “But, if you do that, you’ve got to pretend you’ve already lost your money.”