Mark Cuban was once known as one of the most tenacious naysayers of cryptocurrency and specifically Bitcoin, but things have changed, and it seems that he has decided to come along finally. Mark has appointed Dogecoin as the ultimate payment option for buying merchandise from his NBA team, and according to him, it is a classic addition that brings ease and convenience to a lot of users out there. Other than that, he is all for the NFTs (non-fungible token), a digital art form, DeFi (decentralized finance), and other crypto or blockchain-related associations.
Cuban’s Non-Shattered Faith in Cryptocurrency
The action seemed to pour out in the form of a Twitter debate going between Mark Cuban and Peter Mallouk, who is the CEO of wealth management with creative management. The outcome of the debate narrated that Mark Cuban will be one of the pairs in the $1 million wager that will be developed as the smart contracts, and one of them will be dependent on the performance of the cryptocurrency. This is a huge wager to place given the volatility of the crypto market and how uncertain the follow-up transactions or the price charts in the upcoming weeks or days could be.
This $1 million wager will be acting as a public demo for what the smart contracts are and how they can be programmed to serve the necessary points in a multitude of deals. And it is possible that this specific purpose might have been Mark’s game all along rather than sitting back and worrying about the outcome of the wager. Peter was talking about the deformities of investing in cryptocurrency and how if you end up buying a few stocks, then some of them might go up, but if you end buying all crypto, then it is possible that all of them might turn to zero to which Mark took action and proposed the $1 million wager solely based on the performance of the cryptocurrency.
Cuban is not only the single personality who has a firm in cryptocurrency, but the list consists of many billionaires of Wall Street.