Bitcoin’s fixed supply of a maximum of 21 million coins over its lifetime should serve as an example to listed companies, Dallas Mavericks’ owner Mark Cuban says.
In a tweet, Cuban points out that if the number of issued shares of public companies had a hard cap like Bitcoin does, the stock prices would increase.
“Public companies should learn a lesson from Bitcoin and commit to not issue new shares of stock. Ever. Their stock prices would immediately jump.”
Since the start of the month, Cuban has sent contrasting messages on Bitcoin. Last year, Cuban told Forbes that Bitcoin lacks the features necessary to make it a reliable currency.
“Not because it can’t work technically, although there are challenges, it could, but rather because it’s too difficult to use, too easy to hack, way too easy to lose, too hard to understand, too hard to assess a value.”
At a later date, the Dallas Mavericks’ owner told the publication that the flagship cryptocurrency is not a hedge against apocalyptic events.
“No matter how much BTC fans want to pretend that it’s a hedge against doomsday scenarios, it is not.”
Doomsday aside, Cuban is informing his eight million Twitter followers that they can get a 25% discount when they use Bitcoin to buy his basketball team’s merchandise. Dallas Mavericks started accepting Bitcoin as a payment method in August of 2019.
As for Tesla CEO Elon Musk calling Bitcoin “almost as bs as fiat money”, Cuban responded,
“Blasphemous I say, just blasphemous!”Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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Featured Image: Shutterstock/Maciej Bledowski