After promoting Bitcoin merch discount, Mark Cuban praises BTC monetary policy

During a Christmas rally that saw the Bitcoin all-time high, two recently released tweets suggest that a former digital currency critic is continuing to take steps toward a full Hodler conversion: billionaire investor and owner of the Dallas Mavericks Mark Cuban .

The tweet came on December 23, when Cubans announced that fans who buy Mavericks gear would receive a 25% discount if they used Bitcoin on their purchase. Oddly, however, the Cuban report said that buyers who bought more than $ 150 worth of Bitcoin equipment would receive a $ 25 gift card and didn’t mention a 25% discount:

Do you want to spend your $ BTC somewhere … Spend it with the Mavs and get 25 percent off using Bitcoin! Https://

– Mark Cuban (@mcuban) December 23, 2020

This gift card offering, as well as a broader Mavericks policy to accept Bitcoin as payment for tickets, may seem strange to some observers, given the Cuban denigration of the asset. At the beginning of 2020, he dusted off a Zinger that he fired for the first time in September 2019: He prefers bananas to Bitcoin as a commodity.

Many have described it as a store of value rather than an event to take advantage of the virtues of Bitcoin, and Cubans seem to be taking the necessary steps.

In a tweet today, the Cuban seemed to praise Bitcoin’s programmatic monetary policy, saying that publicly traded companies would be wise to curb their stock inflation:

Public companies should learn a lesson from Bitcoin and commit to not issuing new shares. Ever. Your stock prices would jump right away.

– Mark Cuban (@mcuban) December 27, 2020

It’s a positive comment that is part of a year-long U-turn that put Cuban on Cointelegraph’s list of Bitcoin critics who withered in 2020.

Even so, Hodlers should be careful about accepting another member fully into their ranks. As he progresses on his hard cash path, the Cuban has expressed his disdain for what he considers to be “religious” zeal among the owners hoping for a doomsday scenario, and in another tweet this week it is a subject that he seems to be ruffling about and that he claims to be one of the believers:

I say blasphemous, just blasphemous!

– Mark Cuban (@mcuban) December 21, 2020

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