'Shark Tank' Judge Mark Cuban Slams Bitcoin: 'I'd Rather Have Bananas'

Surprise! Mark Cuban is still anti-bitcoin.

In a Youtube Q&A for Wired, the billionaire "Shark Tank" judge answered business questions from Twitter users, but one particular question made Cuban restate his sentiments about bitcoin.

"Here's the thing about crypto, particularly bitcoin. Bitcoin is worth what somebody will pay for it," Cuban said in response to a question on why he hates crypto.

The NBA team owner said that bitcoin has no intrinsic value and likens it to a baseball card or a piece of artwork, but he added that there's even less to do with bitcoin.

"At least I can look at my baseball cards and go, oh that's my favorite player Roberto Clemente!"

Cuban continued that cryptos are complicated for 99% of the population, citing that storing, hosting, and preventing cryptocurrencies from getting hacked is "so" difficult.

He also compared bitcoin to gold and declared that "gold is a religion." He noted the same issue with bitcoin's storage as the problem for gold.

To Cuban, he'd rather have bananas because, as he pointed out, "I can eat bananas."

Blockchain
Cuban may not be a big bitcoin supporter per se, but he believes in what the blockchain technology can do. Last year, Cuban partnered with 5 Miles to accept digital currencies for fans to purchase Dallas Mavericks' merchandise and tickets.

"Implementing [blockchain technology] into a marketplace app allows us to sell to our fans more securely. And for those people who are committed to cryptocurrency — whether you see it as a store of value, whether you see it is as a gamble, whether you see it as the future (and the same with tokens) — we want to be able to allow people to transact business how they want, when they want, where they want."

Put 10% on bitcoin
In a 2017 Vanity Fair video, Cuban suggested putting 10% on bitcoin or ethereum to investors who want to "throw the hail mary." But the catch is, according to Cuban, "you've gotta pretend you've already lost your money."

After calling bitcoin a bubble, Cuban also invested in Unikrn, an esports online betting and media site that uses cryptocurrencies, in the same year.