Mark Cuban; the American billionaire investor known for such roles as the owner of the NBA team The Dallas Mavericks or one of the "Sharks" on ABC's reality series, "The Shark Tank" has recently confirmed he purchased Bitcoin through a Swedish Bitcoin exchange.
Going against J.P Morgan Chase CEO, Jamie Dimon's fear laced statements claiming that Bitcoin is a "fraud" that should not be touched, Mark Cuban bought his $BTC through the same firm with which clients of J.P Morgan Chase use to buy Bitcoin for themselves. According to public records of Nordnet trading logs, the two associated firms JP Morgan Securities Ltd., and Morgan Stanley bought roughly 3M euro worth of XBT note shares. Interestingly after the recent regulatory crackdown in China, and the statements from JP Morgan’s senior executive Jamie Dimon talking trash about bitcoin, his firm bought the dip on September 15. In fact, out of all the companies on the list, like Goldman Sachs and Barclays, the JP Morgan team of buyers purchased the most XBT notes.
So it appears the fiat financial world's biggest players are beginning to see the "intrinsic value" of bitcoin, cryptocurrencies, and blockchain technology as a whole. In my opinion, guys like Jamie Dimon knew all along that Bitcoin threatened the status quo of the one percenter's banking monopoly status. He was probably hyping the situation the whole time and hoping he wouldn't have to bank with a currency that is, at it's core, nearly impossible to manipulate.
Speaking of "intrinsic value", Cuban was quoted as saying “It is interesting because there are a lot of assets which their value is just based on supply and demand. Most stocks, there is no intrinsic value because you have no true ownership rights and no voting rights. You just have the ability to buy and sell those stocks. Bitcoin is the same thing. Its value is based on supply and demand. I have bought some through an ETN based on a Swedish exchange.”
The fact is, Bitcoin and cryptocurrency is here to stay whether the banking elite likes it or not. Now as for the rest of the 99 percent such as you or I, you can read between the lines and get into the crypto-game while the getting is still good, or sit back and watch the world evolve in front of you and be forced to learn some years from now because the World is catching up. The choice is yours......
*More info on this story can be found here: https://cointelegraph.com/news/american-billionaire-investor-mark-cuban-claims-cryptocurrencies-and-blockchain-are-future
great job @rundmc
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