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The celebrity billionaire Marc Cuban has finally praised Bitcoin even though in the past he has been quite bearish of Bitcoin and equivocally argued that there is ‘lack of understanding by the general public.’

Marc Cuban has said that the Dallas Maverick fans who buy the merchandise using Bitcoin would get a 25 percent discount.

Marc Cuban Praises Bitcoin

On December 23, Marc Cuban announced the discount through his Twitter account and attached a report with the tweet according to which the users get a $25dollar gift card on purchases worth $150.

Bitcoin has been riding high since the past few weeks, surpassing the $23000 benchmark that has attracted a lot of hype from investors and crypto followers.  

The report linked to Marc Cuban tweet detailed the offer in which the Dallas Mavericks team seemingly gives a $25 gift card to users who use Bitcoin for buying merchandise on dallasmavs.shop. The offer would continue till January 31, 2021. The online store for Dallas Mavericks allows users to buy tickets for matches and merchandise for the last one and a half years. The company uses BitPay, a leading Bitcoin payment processor for seamless payments in Bitcoin.

“We want our fans who would like to pay with Bitcoin the opportunity to do so. BitPay allows our global fans to seamlessly make purchases with the Mavs,” said Mark Cuban,

The billionaire investor in the past has ridiculed Bitcoin, saying that he can trade bananas more easily than Bitcoin. he argued that Bitcoin is not easy to exchange and clacks fungibility without the use of fiat currencies. Despite denigrating Bitcoin in the past, Marc Cuban accepted that he has $130 in Bitcoin.

Several prominent financial players have openly denigrated Bitcoin for its functionality and potential as a more adopted currency. Millionaire broker and CEO of Euro Pacific Capital Peter Schiff has criticized Bitcoin in the past, calling it a ‘Gold Bug.’ However, Schiff went on to say that past bitcoin performances “assures its future failure.”

However, now Cuban seems to have a change of heart for Bitcoin as he praised Bitcoin for its programmatic monetary nature, asking the publicly traded companies to learn from Bitcoin and control their share inflation.

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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