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It appears @mcuban is finally all-in on Bitcoin, crypto, and digital goods.
Just a matter of time until every innovator sees the light.
Welcome to the party, Mark! 🙏🏼https://t.co/Z8oQ3eLJdH
— Pomp 🌪 (@APompliano) January 31, 2021
Cuban is now arguing that there may be some intrinsic value to these digital assets:
“To so many the idea that a CryptoAsset could be a store of value is crazy. To them, there is no there, there. There is no intrinsic value. To them it is a digital representation of nothing, that crazy people are paying good money for. That is not the case.”
Far From the Only Billionaire Involved
Ray Dalio, another billionaire investor, also recently released a blog post on his thoughts on Bitcoin.
The world-famous asset manager commented last week that he thinks “Bitcoin is one hell of an invention.”
He added that the cryptocurrency is becoming a gold-like asset:
“Those who have built it and supported the dream of making this new kind of money a reality have done a fabulous job of sustaining that dream and moving Bitcoin (by which I mean it and its analogous competitors) into being an alternative gold-like asset.”
Cuban and Dalio join the growing list of prominent investors that see Bitcoin as a viable investment opportunity.