Such apparent double standards have caused Bitcoin proponents to question Cuban’s motives. Chief Commercial Officer at Bitrefill John Carvalho (@BitcoinErrorLog) tweeted earlier today that it seemed likely that Cuban’s flip-flopping on Bitcoin represents an effort to put potential investors off the digital currency. The motive for this, according to Carvalho, is personal enrichment, either from his own investments or payments from another interested third party.
Since everyone keeps talking bout it… here’s Mark Cuban talkin all sweet about Bitcoin— Nik (@nikcantmine) December 24, 2019
He knows exactly what he’s doing with his negativity about it pic.twitter.com/1ja1xDlM0a
Offering an alternative view is attorney Preston Byrne. He believes Cuban’s anti-Bitcoin sentiment comes from a lack of understanding about what makes the cryptocurrency valuable for some. Cuban, being an American billionaire, has a very privileged existence when compared with most people on the planet. He doesn’t lack access to modern banking and doesn’t live in a nation where he risks waking up to see his net worth’s purchasing power slashed by huge percentages every day. The investor is, therefore, poorly positioned to see the merit of Bitcoin. https://twitter.com/prestonjbyrne/status/1209292227261976576
Ahahaha, now I get it! @mcuban has been incentivized, either thru his own investments, or funding from a 3rd party, to create Bitcoin FUD for old & uneducated people. Hilarious effort, but embarrassing and evil as fuck. https://t.co/YX7Fbqgy3t— John Carvalho (@BitcoinErrorLog) December 24, 2019
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.