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Former critic and billionaire Mark Cuban on the Bitcoin Monetary Policy

Former critic and billionaire Mark Cuban on the Bitcoin Monetary Policy

The billionaire, Mark Cuban, has surprised his followers with yet another tweet. Cuban seems to boost Bitcoin’s programmatic monetary policy. In his recent tweet, he states that the publicly traded companies should be wise enough to confine their share inflation. However, Cuban was not a pro-crypto advocate for being bullish on Bitcoin. In late 2019, he declared Bitcoin as nothing more than a collectible. He suffered a backlash from the Crypto community due to the comment. He further stated that Bitcoin is complicated for the common person to implement in daily life.

https://twitter.com/mcuban/status/1343254155092062209?s=20

However, later he changed his tune. In April 2020, he was of the perception that he would invest in bananas instead of Bitcoin. However, he further stated that supporting bitcoin would be a “no-brainer” if it were simpler to utilize. Admittedly, he was creating a bullish case for Bitcoin. Mark Cuban had also scrutinized the drawn-out process of stuffing COVID-19 stimulus checks. 

Moreover, on Dec. 17, 2020, following the BTC price new records, the investor doubled down on the notion that Bitcoin could not suffice as a stable currency. However, he elucidates that the price will surge once the demand exceeds supply. This is currently a fact as institutional investors are purchasing Bitcoin faster than it can be mined. Conceivably this propelled the BTC discount.

Mark Cuban offered a 25% Bitcoin discount on Dallasmavs.shop

Recently, Billionaire Mark Cuban stunned his followers with a tweet on Dec. 23, 2020. He offered a 25% Bitcoin discount on merchandise at Dallasmavs.shop. This site is the merchandise platform of the basketball team he possesses, the Dallas Mavericks. The offer is valid on Jan. 31, 2021.

Mark Cuban utilized his reputation for trading and creating awareness about Bitcoin. However, there prevails a small mathematical issue with the 25% discount. The Dallas Mavericks’ shop provides a $25 gift card off from $150 or more spent in Bitcoin. This creates a difference of 12.5%. The shop started accepting Bitcoin through the payment service Bitpay, one of the biggest crypto payment processors. Conclusively, the retail industry could consider more of these offers in the future as crypto adoption surges.

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