- Dallas Mavericks proprietor Mark Cuban says the crew has taken in $130 of Bitcoin.
- The NBA crew accepts Bitcoin for tickets and merchandise.
- Cuban, an outspoken critic, beforehand mentioned he had no holdings of crypto.
It was simply over a month in the past that billionaire investor Mark Cuban claimed that he didn’t personal any cryptocurrency. That’s now not the case, nevertheless, as he lately mentioned on a podcast.
Cuban is the proprietor of the NBA’s Dallas Mavericks, which introduced a partnership with BitPay final August to just accept Bitcoin for tickets and merchandise. Throughout an look this month on The Pomp Podcast with host Anthony Pompliano, he shared roughly how a lot Bitcoin that the crew has netted up to now.
“We’ve put it up for the Mavs. We did it originally four years ago and no one bought anything,” mentioned Cuban. “Now we’re taking Bitcoin—please, go buy everything in Bitcoin. I’m fine with that, right? I think we’ve brought in $130. That’s all the Bitcoin I own right now.”
Cuban’s earlier feedback about his holdings (or lack thereof) got here throughout an look on his Shark Tank co-star Kevin O’Leary’s YouTube present.
He has been an outspoken critic of cryptocurrency, pointing to hurdles to onboarding and widespread understanding, in addition to difficulties spending crypto with out changing it to fiat forex. Cuban targeted on these factors once more when requested by Pompliano what might change his thoughts on Bitcoin.
“It would have to be so easy to use it’s a no-brainer,” he replied. “It would have to be completely friction-free and understandable by everybody first, and then you could say it’s an alternative to gold as a store of value.”
“In terms of being a way to transact, whether it’s transfers of funds or whatever, you’ve got to be able to spend it,” Cuban continued. “Right now, you still have to convert it for anything that you want, and as long as you have to convert it, you’re still dependent on fiat—no matter what you say.”
Cuban may not be satisfied instantly, but when he holds onto that sliver of Bitcoin, it may very well be worth much more earlier than lengthy—particularly after this week’s surge.