In a recent advent on Anthony Pompliano'southward The Pomp Podcast, billionaire investor and owner of the NBA's Dallas Mavericks, Mark Cuban, discussed his qualms with Bitcoin (BTC).

Despite arguing that Bitcoin is hampered past a lack of agreement among the general public and poor fungibility for goods without fiat conversion, Cuban offers that Bitcoin may detect success if economic crises accelerate and "everything goes into the shitter."

Mark Cuban is surly on BTC until your grandma can use it

When asked what it would take to change his position of skepticism regarding Bitcoin, Cuban stated: "It would have to be so easy to utilise it's a no brainer."

"It'd have to be completely friction-gratuitous and understandable by everybody first, and so yous can say it's an alternative to golden as a store of value," he added.

"You lot're going to take to get in friction-free then grandma can practise it, adding "the fact that we are arguing and so much about information technology, and you lot accept so many stands about Bitcoin — that merely proves the point, that it's hard."

Bananas contain easier ways of payment than Bitcoin

Cuban argued that Bitcoin comprises a cumbersome means of substitution through lacking fungibility for goods and services without converting into fiat currencies.

"Right at present, y'all still accept to convert it for anything that you want," he stated, adding: "[A]s long as you accept to convert information technology, you are still dependent on fiat, no thing what you say."

"I can trade bananas easier as a commodity than I can trade Bitcoin, and I can however eat that assistant before it goes bad, and become all my potassium for my workout."

Cuban recounts briefly supporting payments in Bitcoin on the Mavericks' online store four years ago, stating "no 1 bought anything."

After reintroducing support for merch and ticket purchases in BTC in August 2022, Cuban estimates that the payment method has brought in $130 dollars, adding: "that's all of the Bitcoin that I own right now."

Marker Cuban: Bitcoin may benefit if 'everything goes into the shitter'

While Cuban acknowledges blockchain tin offer bully opportunities, he asserts that "we haven't really seen blockchain applications actually take off. I get all of the arguments, I've seen all of the charts, I understand all of the potential problems with fiat," he states, adding:

"It's to Bitcoin'due south potential benefit if everything goes into the shitter because we're printing and then much money and there's global implications. [...] And if we don't, Bitcoin ain't got zilch."