Mark Cuban Might Finally Like Bitcoin If It Becomes ‘Grandma-Friendly’

Anthony Pompliano Bitcoin Cryptocurrency
Last updated:
Author
Author
Tim Alper
About Author

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Mark Cuban. Source: a video screenshot, Youtube, The Filmy

Outspoken American billionaire Mark Cuban has stated that he could change his stance on bitcoin (BTC) if it could become more user-friendly – and if the cryptocurrency could somehow shrug off what he called a reliance on fiat currencies.

Mark Cuban, who owns the Dallas Mavericks basketball franchise, has gone on record as stating that, although he does own some bitcoin holdings, he still thinks the cryptocurrency is just as “terrible” an investment as gold.

However, in an appearance on Anthony Pompliano’s Pomp Podcast, Cuban added a caveat, stating that he would be prepared to change his mind if bitcoin became a “no-brainer” to interact with, that was “completely friction-free” – to the point that “grandmas” could use it.

He stated,

“It needs to be understandable by everybody first and then and then you can say it’s an alternative to gold as a store of value.”

But Cuban stated that bitcoin has even more obstacles to overcome if it is to go a step further, and become a viable method for processing mainstream transactions.

He explained,

“You’ve got to be able to spend [bitcoin], because right now you still have to convert it for anything that you want [to buy]. And as long as you have to convert it, you’re still dependent on fiat – no matter what you say. I can trade bananas easier as a commodity than I can trade bitcoin. And I can still eat those bananas before they goes bad.”

Even gold bars, he quipped, could be used as “furniture,” but the virtual nature of bitcoin was both its “beauty and its problem.”

He added that the fact that there were so many diverse stands on bitcoin only proved how “difficult” it was to use.

Cuban also put a figure on his bitcoin holdings, which he says were accrued through sales from Mavericks-related items to fans – a mere USD 130.

Cuban stated that issues such as mining rewards halving, inter-token rivalries and mining were confusing for most folk, and noted that “we haven’t seen blockchain applications really take off.”
___

___

Learn more: 
Mark Cuban: Don’t Convince Me, Convince Your Neighbor About Bitcoin
Mark Cuban on Gold vs. Bitcoin
Another Famous Expert Changes Stance On Crypto

More Articles

Price Analysis
Bitcoin Price Drops Below $96,000; Will BTC Bounce or Break Lower?
Arslan Butt
Arslan Butt
2025-02-19 08:35:32
Blockchain News
Crypto Market Maker Wintermute Eyes New York for US Expansion: Report
Shalini Nagarajan
Shalini Nagarajan
2025-02-19 05:50:38
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors