NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Industry Reacts to Mark Cuban’s ‘No Chance’ for Bitcoin Comments

Rick Delafont
Rick Delafont
1 year ago
2 mins read
mark cuban bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

American businessman and investor Mark Cuban believes that Bitcoin has “no chance” of becoming a reliable currency. Amongst other criticisms, the billionaire believes the digital asset is too difficult to use for the average person.

Naturally, Bitcoin’s staunchest proponents disagree. Some have said that Cuban sounds like a critic of the early internet. Others have offered to educate him on the subject.

Mark Cuban Ruffles Bitcoin Industry’s Feathers Again

Billionaire investor and Dallas Mavericks owner Mark Cuban revealed that he thinks there is no possible scenario that Bitcoin becomes a reliable currency. In a interview, published today in Forbes, Cuban said:

“Not because it can’t work technically, although there are challenges, it could, but rather because it’s too difficult to use, too easy to hack, way too easy to lose, too hard to understand, too hard to assess a value.”

Despite Cuban’s apparent scepticism, the billionaire is no stranger to Bitcoin. The NBA team he owns is one of the few to actually accept the cryptocurrency in some capacity. He’s also been involved in a token launch and invested in blockchain funds.

His latest comments on Bitcoin have caused a stir amongst those involved in the industry. Lots of Twitter responses to the original article accuse Cuban of talking down the asset to create better buying opportunities.

There have also been offers to debate with Cuban about the subject. New York-based Attorney Manny Alicandro (@Manny_Alicandro) joked that he would handicap himself to make the discussion fair. Meanwhile, podcaster and Morgan Creek Digital co-founder Anthony Pompliano offered to fly out to Dallas to talk to Cuban on the former’s “Off The Chain” show.

https://twitter.com/Manny_Alicandro/status/1204502963911299073

Hey @mcuban I read your recent comments on Bitcoin and think you may be missing some key information.

I’ll fly to Dallas and we can record a podcast episode to discuss why Bitcoin is likely to be the next global reserve currency.

You in??https://t.co/1dSZQNn8Pd

— Pomp 🌪 (@APompliano) December 10, 2019

Others still called Mark Cuban out for seeming to miss similarities between Bitcoin and the internet. Rhythm (@Rhythmtrader) highlighted the irony of Cuban forgetting that the internet started out facing similar criticisms. The Twitter analysis account posted a clip of US TV presenters having a now hilarious conversion about the world wide web. After revealing that they couldn’t start to get their heads around even the “@” symbol, one says:

“What is internet anyway?… What do you write to it, like mail?”

The presenters struggled to understand anything about the innovation or its implications. The conversation sounds ridiculous now, given how deeply intertwined the internet is with our society today. However, many of the points that people criticised the internet for in its early days – difficulty to understand and use, easy to get scammed – are the very ones Cuban uses to say why Bitcoin won’t succeed as a world payments network.

Mark Cuban on Bitcoin:

"it's too difficult to use, too easy to hack, way too easy to lose, too hard to understand, too hard to assess a value"

Surprising from someone that made a lot of their money from the rise of the internet, facing ironicly similar comments: pic.twitter.com/oDzQBfLSLn

— Rhythm (@Rhythmtrader) December 10, 2019

 

Related Reading: Industry Execs Have Been Calling For $100k Bitcoin, But What’s it Actually Based Off Of?

Featured Image from Shutterstock.
Tweet123Share205ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin strmoglavil, HYPER na 17 mio$

Napoved cene Bitcoina je ponovno v središču pozornosti po strmem padcu za 2,91 % v zadnjih 24 urah. BTC je...

tanjapotocnik 1 hour ago

Ethereum OI: la più grande correzione dall’inizio del 2024 – Analisi dettagliata

Ethereum è sceso sotto la soglia dei 4.000 dollari per la prima volta dall’inizio di agosto, segnando un cambiamento significativo...

clararosati 2 hours ago
dogecoin

Dogecoin на пороге прорыва: прогнозируемый рост до 800%

Dogecoin (DOGE) уже давно стал символом мемкоинов и примером того, как шутка может превратиться в серьезный финансовый инструмент. За годы...

daria 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

pump fun

Q4 najboljši za Pump Fun: Konec za PUMP in Solano?

tanjapotocnik 37 minutes ago
dogecoin

Dogecoin pada, MaxiDoge raste – naslednji 1000x dragulj

tanjapotocnik 45 minutes ago
dogecoin market price

Πρόβλεψη τιμής Dogecoin καθώς το νέο ETF DOJE ξεπερνά τα 21 εκατ. USD AUM

Ιωάννης Ριζόπουλος 1 hour ago

Premium Sponsors

Press Releases

  • イーサリアム...

    10 minutes ago
  • 重要な経済指標を前に、市場は警戒感を強める

    ビットコイン 今後...

    16 minutes ago
  • パイネットワーク...

    24 minutes ago
  • Kriptobálnák hagyják el a Shiba Inut ezért a tokenért, amelynek ára 0,03 Ft, célja 12 000 Ft

    Kriptobálnák hagyják el a Shiba Inut ezért a tokenért...

    40 minutes ago
  • Ez a Shiba Inu (SHIB) alternatíva a következő hetekben előzhet és ugorhat 0,03 Ft-ról 6 000 Ft-ra

    Ez a Shiba Inu (SHIB) alternatíva a következő hetekben...

    55 minutes ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.