May 15, 2021

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

Bitcoin critic billionaire Mark Cuban admits central bank action in current crisis cryptocurrency 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.

The owner of the Dallas Mavericks in an interview again reminded that the first cryptocurrency is practically not used in everyday life.

“As a commodity, it’s easier for me to trade bananas than bitcoin. Besides, I can eat a banana before it goes bad and get potassium for my workout, ” - said Kuban.

He is ready to change his skepticism regarding “digital gold”, for this bitcoin also needs to change:

“It should be simpler than a steamed turnip in use, absolutely without friction and understandable to everyone. Only then can you say that bitcoin is an alternative to gold as a means of saving. ”

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.

“I understand the potential problems with fiat. To the possible value of Bitcoin - if everything merges into the toilet, because we print so much money, cryptocurrency has something to figure out and what to say. But if not, Bitcoin won’t win anything, ” - noted Kyuban.

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