Mark Cuban, a well-known investor and co-host of shark tanks, is cautiously supporting Bitcoin as a good investment right now, as the stock market is crashing.
“BTC is a better purchase now.”
A few hours ago, investors and crypto advocate Cuban began debating his X account by publishing a tweet about a major decline in the current stock market. He assumed that now companies might start buying back their stocks at a cheaper price.
One of the commentators responded, yelling “bulging.” Cuba responded that these buybacks are likely to happen in the end, but so far he has appointed the world’s flagship cryptocurrency as the best asset to buy in current market conditions. “In the end, it’s true. This may be a hint that companies should follow the example of Michael Saylor’s strategy and start accumulating Bitcoin in spare cash. Japan’s Metaplanet is already following the strategy playbook.
You will be right in the end. But BTC is probably a better purchase now.
– Mark Cuba (@mcuban) April 5, 2025
Some other X users responded to Cuba and supported the idea of cryptocurrency as a good investment. “I dumped stock before Bloodbath and bought the crypto. I’ll buy it cheaply to the market,” one of them said.
Cuba is considering issuing meme coins
Earlier in the year, Mark Cuban probably joked, tweeting that he was considering launching a cryptocurrency for his meme. It happened shortly after President Donald Trump and his wife launched Memecoin Trump and Melania.
Cuba may launch its own meme coin, but tweeted that it would have nuance. He would send all the proceeds from coin sales to the US Treasury, helping to cut US government bonds of $36 trillion. The full size now reaches an astonishing $36,217,970,799,609.
He said meme coins like Doge and Shib were successful because they were “community acquisitions.” However, Cuba also doubled his previous opinion that it was “gambling” and “game of music chairs”, warning that potential buyers of his potential meme coins are likely to “get Rekt.”
Mark Cuban is a well-known fan and owner of Dogcoin. He was a former owner of the Dallas Maverick baseball team, selling tickets for the Doge game and accepting this meme coin as payment for the item.
