American tech billionaire investor and television personality Mark Cuban has recently claimed that he sees Bitcoin and its underlying Blockchain or distributed ledger technology (DLT) as the way of the future.
He also countered the various claims that the leading digital currency is not real and has no intrinsic value.
In an interview with Bloomberg, the renowned American businessman claimed that Bitcoin is just like the traditional stocks that investors can buy and sell.
Cuban also said that he has been looking to buy into Bitcoin and the cryptocurrency market ever since and he confirmed that he already invested in the leading digital currency, as well as some initial coin offerings (ICO).
His most recent statements are quite far from his previous perception as he earlier called Bitcoin as ‘bubble’. His company’s recent moves, however, seem to be bullish of cryptocurrencies as his team have been investing in ICOs and Blockchain projects.
Some adverse opinions on Bitcoin
Several notable financial industry experts have expressed their adverse opinions on the leading virtual currency.
In late September 2017, JPMorgan CEO Jamie Dimon called Bitcoin a fraud that is only suitable for criminals. Hedge fund Bridgewater Associates head Ray Dalio, meanwhile, claimed that the digital currency is a bubble.
Meanwhile, the infamous ‘Wolf of Wall Street’ Jordan Belfort stated that Bitcoin is a ‘bizarre’ thing.
Despite the constant criticisms from these finance luminaries, Bitcoin continues to move in upward trend and trading at $4,387.91 as of press time.