FOLKS, THIS is BIG! Everyone knows who Mark Cuban is……..right? Well, just in case, he is a tech billionaire, a regular on Shark Tank, owner of the Dallas Mavericks (right now a “semi-pro” NBA basketball team) and, AND a newly converted bitcoin skeptic. Yeah, Mark didn’t like bitcoin (its a bubble), changed his mind and decided to do an ICO and now he is letting Mavericks fans buy tickets with bitcoin. Total flip. But, that’s what brilliant people do. Now, think he can get a quality point guard and a power forward to come play for bitcoin? Hint; I’m available and will work cheap.
“Billionaire Bitcoin skeptic-turned-bull Mark Cuban has said his Dallas Mavericks basketball team will accept Bitcoin “next season.”
Cuban Turns On To Bitcoin Acceptance
In comments on Twitter following publication of team line-ups, Cuban, who as recently as June last year called Bitcoin a “bubble,” confirmed fans would be able to purchase tickets with Bitcoin later in 2018.
The move is milestone for both US basketball and Bitcoin acceptance in sport, Cuban having warmed to Bitcoin considerably over the last six months.
“It is interesting because there are a lot of assets which their value is just based on supply and demand,” he told Bloomberg in an October interview, during which he confirmed he had invested.
Most stocks, there is no intrinsic value because you have no true ownership rights and no voting rights. You just have the ability to buy and sell those stocks. Bitcoin is the same thing. Its value is based on supply demand. I have bought some through an ETN based on a Swedish exchange.
Previously, in an apparent publicity stunt, the billionaire had purchased $20 worth of BTC in order to demonstrate its price would soon correct from highs of the time of around $2800.
Following In Footsteps Of Denmark’s Bitcoin Hockey Team
Outside the US, Denmark made an even more conspicuous gesture last month when an ownership change of a major league hockey club resulted in Bitcoin all but taking over…”