The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label mark cuban. Show all posts
Showing posts with label mark cuban. Show all posts

Friday, June 30, 2017

While billionaire Mark Cuban rejects Bitcoin as viable, he is instead investing in new a sports betting cryptocurrency

Approximately a month ago, billionaire and former Dot Com investor Mark Cuban publicly stated that he believed Bitcoin was in a bubble, and that it eventually would fall in price as its viability for the future was unknown.  However this statement by Cuban appears to not mean he doesn't see great potential for blockchain technology, and also in other cryptocurrencies such as the one he is now investing in.

Unikoin Gold is a cryptocurrency planned to be produced on his Unikrn platform which is based on blockchain technology dedicated for sports betting.  And instead of using an ICO to help fund this operation, Cuban and others are using Crowdfunding as the means to acquire capital.

Entrepreneur Mark Cuban, who previously helped Bitcoin's value drop after calling it a "bubble," is now interested in another digital currency. And no, it is not Ethereum, but the UnikoinGold
According the Coindesk, Cuban is participating in another fundraising round of one of his portfolio companies, a sports-betting blockchain platform dubbed Unikrn, via an initial coin offering. 
An ICO is a crowdfunding method that has grown in popularity as of late among blockchain startups, with more than 30 ICOs already this year. Companies sell their own digital currencies and use the proceeds to fund their businesses
Unikrn has already raised some $10 million from investors, including Ashton Kutcher. The company allows anyone to place bets with its digital token, the Unikoin, according to Coindesk. - Fortune

Wednesday, June 7, 2017

Billionaire Mark Cuban loves the Blockchain, but thinks Bitcoin is a bubble

Asset prices are surely in the eyes of the beholder as it really depends on who you are as an investor in determining how you see cryptocurrencies fitting into the financial system.

For some they see it as a means of revolution, and a medium of exchange outside the power and authority of banks and governments.  For others it is a long-term investment, and a hedge against the devaluation of fiat currencies.

But for those who put their money in traditional assets like stocks, bonds, and real estate, the Bitcoin phenomenon is often seen as a fad, and as something that is unlikely to last over the long-term.  And it now appears that one of Bitcoin's biggest critics is a man who made his fortune selling a company for billions of dollars during the Dot Com boom, and where he sees the cryptocurrency as a similar bubble to the internet companies who became overvalued just a few years before they completely went bust.

Add billionaire Mark Cuban to those who are skeptical of bitcoin and the cryptocurrency universe. "I think it's in a bubble. I just don't know when or how much it corrects. When everyone is bragging about how easy they are making $=bubble," Cuban said in a tweetstorm on Tuesday.  
Cuban's tweetstorm comes on the heels of bitcoin's latest record high near $2,900 a coin. The cryptocurrency has gained in 33 of the past 38 sessions, tacking on 144% over that time. It's up 200% so far in 2017. - Business Insider
Cuban went on to tweet that he loves the Blockchain and sees it becoming an important platform for business and finance well into the future.
Interestingly for Mark Cuban and many 'traditional' Wall Street investors who don't get the cryptocurrency phenomenon, Asian investors are jumping into ones like Bitcoin and Etherium with both feet.  And perhaps the one question that remains for the future of Bitcoin is which region of the world do you think will have control over the global financial system a few years from now?  The West, or the East?  And perhaps the winner will truly determine the fate of cryptocurrencies as a viable asset and medium of exchange.