Mark Cuban’s Appreciation for Cryptocurrency might be Getting a Little out of Hand as he Bets $1 Million

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Decentralized Finance Needs Inter-Blockchain Communication

Whenever we start to turn our minds around the idea of decentralization and how cryptocurrency works, it immediately gets spun towards the idea of blockchain. It is nothing more than a siloed platform that is dedicated to a specific cryptocurrency and works as a Ledger on which transactions taking place in real-time are recorded. Every […]

Venezuelan International Airport Has Started To Accept Bitcoin Payments

The adoption of decentralization continues to proceed at a steady pace, and more and more countries are taking the initiative of accepting DeFi in either a legal or private approach. Recently Venezuela airport has announced to start accepting BTC payments from the passengers. This is done in a private capacity and not the state of […]

Edward Snowden: CBDC Is Not A True Cryptocurrency

There was a time when investors, traders, or even the simplest of businessmen used to do their business in gold. At the time, it was the only acceptable mode of payment on a global scale. Then the mean of economic development rolled, and we were using coins made of bronze and aluminium to preserve gold […]

Brazilian Authorities Want To Legalize Bitcoin

A breath of fresh air comes from Brazil as it makes transitions to engage with crypto-oriented payments in the next few months. According to the Brazilian federal deputy, the whole project is in motion, and there will be an outcome soon enough. On a hilarious note, he said that people would be able to buy […]

New Feature Allows Private Ethereum Transactions

When it comes to mentioning the most elegant blockchain or digital infrastructure regarding cryptocurrency, it is without a doubt that Ethereum blockchain is definitely going to get nominated for that. It is hands down the best crypto blockchain there is, which ensures complete security and efficient transfer of protocols from one network to another in […]