Mark Cuban Thinks The Number Of People Who Own Bitcoin Could More Than Double
The Wealth Gang team writes about financial information, passive income ideas, apps, programs, cash management tools and other wealth gadgets that we think you might want to use or learn more about. Sometimes, we write about products, services or items that might be associated with affiliate partnerships. In these instances, we will earn a small percentage of the revenue from sales. There is, of course, no cost to you.
Thank you for all your support! Without you, we could not keep this site running. Gang Gang!
To invest in Bitcoin or to not invest in Bitcoin? That is the question a lot of people are asking themselves. And even former naysayers of the world’s premier cryptocurrency are starting to come around on its appeal. From Michael Saylor to Tesla accepting Bitcoin as payment for their cars, Bitcoin is having a moment right now.
But could it double? Mark Cuban seems to think so.
Back in 2017, Mark Cuban called Bitcoin a bubble and claimed that investing it was like a Hail Mary. Cuban said “you’ve just got to pretend you’ve already lost your money,” adding that it’s like throwing “the Hail Mary.”
If you’re unfamiliar, the Hail Mary is a play in football that pans out about 2% of the time. So to say Mark Cuban has come around regarding his opinion on Bitcoin would be an understatement.
But Cuban has come around. In a recent appearance on “The Delphi Podcast,” Cuban said that bitcoin is “a better alternative to gold, and it’s going to continue to be. That’s why I own bitcoin and why I never sold it.”
Amazing what four years can do to your perspective. It went from a Hail Mary to better than gold! He went from a naysayer to a believer.
In a conversation with CNBC, Mark Cuban said “The price of [bitcoin] is built on supply and demand … We know what [the] supply is. There is no reason for the demand not to increase.”
He also went on to say that “it’s not inconceivable that the number of people that own [bitcoin] could more than double.”
With institutions and more billionaires buying more Bitcoin by the day, we could be in the middle of a true cultural and financial revolution. And if Bitcoin is the next gold — or better than gold — there will be a lot of millionaires and billionaires made in the next decade thanks to investing cryptocurrency.
Current Top Offers
Invest in Commercial Real Estate With As Little As $10
Get a $50 bonus for creating and funding a new account
Invest spare change easily. Get $5 when you sign up for Acorns.
Earn an unlimited 1.5% back in Bitcoin on every purchase with the BlockFi Rewards Visa® Signature Credit Card.
Put your crypto to work. Get up to a $250 crypto bonus with a transfer of $100 or more in crypto.