April 26, 2024

Mark Kyuban again compared Bitcoin with bananas - in favor of the latter

Bitcoin critic billionaire Mark Cuban admitted that the actions of central banks in the current crisis are givingcryptocurrency is a good chance. But in an interview with Anthony Pompliano, he again resorted to comparing it with bananas and pointed out the difficulty of use.

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Morgan Creek Digital co-founder proposedKyuban took part in his podcast last December, when the billionaire was once again skeptical about Bitcoin, denying him a chance to become a reliable currency.

Owner &#171;Dallas Mavericks&#187; in the interview he again recalled that the first cryptocurrency is practically not used in everyday life.

&#171;As a commodity, it is easier for me to trade bananas than bitcoin. Plus, I can eat the banana before it goes bad and get potassium for my workout.Cuban said.

He is ready to change his skeptical opinion regarding “digital gold”, Bitcoin also needs to change for this:

&#171;It should be easier than steamed turnips to use, absolutely frictionless and understandable to everyone. Only then can you say that Bitcoin is an alternative to gold as a store of value.

From the point of view of transactions, there should be the opportunity to spend cryptocurrency, but for now, you need to convert it to fiat, says Kuban.

However, he acknowledged that the consequences of the giganticcash injections into the economy by governments and central banks to combat the crisis caused by COVID-19 may be the best chance for a leading cryptocurrency.

&#171;I understand the potential problems with fiat.To the possible value of Bitcoin - if everything goes down the toilet because we print so much money, cryptocurrency has something to deal with and something to say. But if not, Bitcoin won’t win anything.— Cuban noted.

Recall that in September last year, the billionaire compared bitcoin with bananas, and the attitude of investors towards cryptocurrency with religion.