Billionaire entrepreneur Mark Cuban says the cryptocurrency market is “exactly” like the dot-com bubble of the late-1990s and early 2000s. His statement seems to signal that digital-asset valuations may implode once investor exuberance runs out. “Watching the cryptos trade, it’s EXACTLY like the internet stock bubble. EXACTLY,” Cuban tweeted on Monday before offering a silver lining to crypto enthusiasts. Watching the cryptos trade, it’s EXACTLY like the internet stock bubble. EXACTLY. I think btc, eth , a few others will be analogous to those that were built during the dot-com era, survived the bubble bursting and thrived, like AMZN, EBay, …

Responding to a tweet from billionaire Chamath Palihapitiya, Mark Cuban said he would run as a United States presidential candidate — under a specific set of circumstances. “I'll run if BTC gets to $1m AND we can get commitments to donate 350 BTC to the Treasury each of the 4 yrs so that we can give 1 satoshi to every citizen each yr, that they must hold for 10 years,” the Shark Tank star tweeted on Tuesday. Cuban’s response came after Palihapitiya said the present political framework needs fixing, forecasting “a viable third political party in the US by 2030.” …

During a Christmas rally that has pushed the Bitcoin all time high mark ever higher, a pair of recent tweets indicate that a former critic of the digital currency is continuing to take steps towards a full-blown hodler conversion: billionaire investor and owner of the Dallas Mavericks Mark Cuban. The Tweet came on December 23rd, when Cuban announced that fans buying Mavericks gear would receive a 25% discount when they used Bitcoin to make their purchase. Oddly enough, however, the report Cuban linked to instead said that purchasers who buy more than $150 worth of gear using Bitcoin would receive …

Bitcoin (BTC) has had an interesting year, recovering from major sell-offs to eventually skyrocket to new all-time highs. However, Bitcoin's performance and cryptocurrencies increased adoption worldwide have still failed to bring some observers into the crypto camp. Yet compared to other bull run years like 2017, 2020 has seen much less crypto criticism, with a number of Bitcoin naysayers appearing to have somewhat softened their stance towards digital assets. As we look back on crypto in 2020, Cointelegraph has noted some of cryptocurrency's biggest critics. “Bitcoin has no future”: Russian politician Anatoly Aksakov Date of quote: Oct. 23, 2020 Bitcoin …

Mark Cuban, the billionaire who once said that bananas are a better medium of exchange than Bitcoin, has doubled down on his view that the asset is more like a collectible than a reliable financial instrument. 2020 has been a big year in terms of institutional Bitcoin (BTC) adoption. Companies like MicroStrategy and Grayscale significantly increased their crypto holdings, while those associated with traditional finance (like CNBC's Jim Cramer) found themselves changing their tune when it comes to crypto ownership. Even so, the asset has its detractors. In a Forbes interview conducted on Dec. 8, Dallas Mavericks owner Mark Cuban …

Unikrn, an initial coin offering from 2017, faces action from the United States Securities and Exchange Commission. The SEC has accused the startup of running its ICO without going through the proper legal channels, based on a statement Tuesday from the regulating body. The commission claims Unikrn offered an unregistered investment opportunity. "Unikrn agreed to settle the charges by paying a $6.1 million penalty, substantially all of the company's assets, to be distributed to investors through a Fair Fund," the statement said. "Unikrn also agreed to disable the UKG, publish notice of the order, and request removal of UKG from …

Bitcoin (BTC) skeptics such as Peter Schiff and Mark Cuban will all buy “huge” amounts of the cryptocurrency, Max Keiser promises. In a tweet on June 26, the famously outspoken RT host said that he “100% guarantees” that some of Bitcoin’s biggest naysayers will ultimately flip bullish. “They’ll go all-in with huge buys” Gold bug Schiff, Cuban, and investor Jim Rogers will at some point fly the flag for Bitcoin instead of any alternative. “@PeterSchiff Jim Rogers, @mcuban and other pre-coiners represent huge pent-up #Bitcoin buying demand,” Keiser wrote. “When they finally understand it, they’ll go all-in with huge buys. …

In a recent appearance on Anthony Pompliano’s The Pomp Podcast, billionaire investor and owner of the NBA’s Dallas Mavericks, Mark Cuban, discussed his qualms with Bitcoin (BTC). Despite arguing that Bitcoin is hampered by a lack of understanding among the general public and poor fungibility for goods without fiat conversion, Cuban offers that Bitcoin may find success if economic crises accelerate and “everything goes into the shitter.” Mark Cuban is bearish on BTC until your grandma can use it When asked what it would take to change his position of skepticism regarding Bitcoin, Cuban stated: “It would have to be …

Despite being over a decade old, Bitcoin (BTC) is still not particularly easy to understand. Even major BTC bulls like Tim Draper have admitted that Bitcoin still lacks ease of use for mainstream adoption. In the same vein, two key figures in the community held an informal Twitter debate over Bitcoin’s complexity today. Debate intro: Cuban might change his mind about Bitcoin if it gets so easy that “grandma can use it” Mark Cuban, one of the most well-known Bitcoin sceptics, prefers to own bananas than invest in bitcoins. Cuban previously criticized Bitcoin’s complexity in an interview with Anthony “Pomp” …

One of the most outspoken critics of Bitcoin (BTC) has delivered mixed messages about its reliability as a financial asset. In comments to Forbes published on Dec. 10, Mark Cuban appeared to contradict himself on Bitcoin’s overall utility. When asked whether or not the cryptocurrency could become a “reliable financial instrument,” the Dallas Mavericks owner gave two differing responses. “Not a chance,” he wrote at first. Subsequently, he added, “It is a collectible. If you consider art or gold a viable stable financial asset, then yes. It can be.” Fiat fails to comfort Bitcoin deniers While Cuban complained that investors …

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week PayPal officially pulls out of the Libra Association It’s official: PayPal has left the Libra Association — the governing body of Facebook’s embattled digital currency. Although the payment processing giant says it remains supportive of the stablecoin’s aspirations, the company was absent from a meeting of 28 Libra backers on Thursday. Others may follow suit. …

Billionaire technology investor Mark Cuban said that he would be happier owning bananas than Bitcoin (BTC). Cuban made his remarks in a video Q&A published on YouTube by technology news outlet Wired on Sept. 27. During the Q&A session, he answered to a Twitter user asking why Cuban hates crypto if he is “into providing opportunity for people to grow their net worth.” First, Cuban seemingly suggested that the issue he has with Bitcoin is that its price is determined by the market's demand for it: “Here’s the thing about crypto, particularly Bitcoin: Bitcoin is worth what somebody will pay …