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Marc cuban, the billionaire businessman and owner of the Dallas Mavericks team has talked about Bitcoin and cryptocurrencies on several occasions.

In a recent feature published on CoinDesk, Cuban talked about NFTs and Bitcoin, expressing that there are immense possibilities in the field.

Marc Cuban Talks About Bitcoin, Ethereum, and Blockchain

While Marc Cuban may be apprehensive about Bitcoin, he seems to have an affinity for NFTs. Cuban believes that NFT and other blockchain-based concepts can be a gamechanger.  Talking about NFTs he said that one can sell anything in the digital space with NFTs. He further pointed out that he may roll out some digital goods soon with the help of NFT. “Virtual Mavs gear, sneakers, art, pictures, videos, experiences, anything our imagination can come up with.” for his team.

Cuban said that nobody used Bitcoin as a currency. Detailing on his idea of Digital Goods Cuban said that they plan to bring Mavericks merchandise like a piece of virtual jewelry, clothing, accessories, and even Marv virtual sneakers which people could add to their posts.

Marc Cuban has questioned the credibility of bitcoin at several junctures. He even went on to say that he would prefer to buy bananas and invest in them rather than buy Bitcoin.

It is known that Cuban holds some Bitcoin, and however, he clarifies that his thoughts on Bitcoin have remained unchanged and he still feels it is just a store of value. He also mentioned that Bitcoin volatility is a cause of concern and not everyone can handle the pressure associated with it. 

Talking about the potential of Decentralized Finance and Blockchain space, Cuban revealed that “the Upside is truly unlimited’ Overall, he is quite optimistic about the blockchain space. He shared that “it is a platform for any number of amazing applications that outperform their traditional finance counterparts.”

Cuban revealed that he likes ETH token as it is the primary foundation of Decentralized Finance and is looking out for what happens around with ETH 2. He also expressed his views on Defi and its recent boom. He revealed that DeFi has shot now and  “if they can get away from the fear of KYC and other regulations, and let the products leverage their advantages, it really could change banking, dramatically.” 

Disclaimer

The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.

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