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 ( http://uk.businessinsider.com/bitcoin-price-soars-to-a-record-high-2017-6 ) 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.
Here's Cuban's full tweetstorm...
Mark Cuban ✔ @mcuban
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://twitter.com/fergulati/status/872115158440607747
- fergulati
Mark Cuban ✔ @mcuban
Anyone anywhere can buy a stock. #crypto is like gold. More religion than asset. Except of course gold makes nice jewelry. #crypto notsomuch
https://twitter.com/criptomonedastv/status/872117212655628288
- criptomonedastv
Mark Cuban ✔ @mcuban
In many respects it is. But it can be immediately translated into assets. #crypto is valued in dollars for a reason
https://twitter.com/bhoraticle/status/872119437872082944
- bhoraticle
Mark Cuban ✔ @mcuban
About 20 bucks just to learn
…https://twitter.com/jstriebel/status/872120740455358466
- jstriebel