MARK CUBAN: Bitcoin is a 'bubble'
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. 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.
Here's Cuban's full tweetstorm...
Get the latest Bitcoin price here.
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 https://t.co/hTrV5DeWNd
- Mark Cuban (@mcuban) June 6, 2017Anyone anywhere can buy a stock. #crypto is like gold. More religion than asset. Except of course gold makes nice jewelry. #crypto notsomuch https://t.co/xp334BCRa2
- Mark Cuban (@mcuban) June 6, 2017In many respects it is. But it can be immediately translated into assets. #crypto is valued in dollars for a reason https://t.co/hD8CY1erOb
- Mark Cuban (@mcuban) June 6, 2017About 20 bucks just to learn https://t.co/fFvWpOnVLd
- Mark Cuban (@mcuban) June 6, 2017
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