Billionaire investor Mark Cuban, who has often commented on Bitcoin and its lack of value, was recently interviewed on well known cryptocurrency proponent Anthony Pompliano’s podcast The Pomp Podcast, where he revealed that the only Bitcoin he possessed was about $130 worth, or 0.017 BTC, which arrived as a result of his NBA team the Dallas Mavericks supporting crypto payments for merchandise.

Pompliano summarised the entirety of the interview in a video titled “What would change Mark Cuban’s mind about Bitcoin?”, which offers greater detail on Cuban’s views on Bitcoin and the asset class. 

Cuban has previously compared Bitcoin to bananas, saying that they had little intrinsic value and that it had several challenges to overcome before it could go global and reach the market caps that its supporters seem to project. He uses bananas as an example to highlight this obstacle that Bitcoin faces, 

I can trade bananas easier as a commodity than I can trade Bitcoin, and I can still eat that banana before it goes bad, and get all my potassium for my workout.

Cuban’s primary argument against Bitcoin is that it is too inaccessible and unintuitive for it to reach widespread use - a pain point which the industry is tackling, with cryptocurrency-based cards, merchant acquisition and wallets that reduce payment to a few clicks. While these efforts are still being worked on, they are an indication that the market is well aware that mass adoption will not come without some effort. 

When asked about what Bitcoin would have to do in order to become a legitimate asset, he says,

It would have to be so easy to use it's a no brainer...You’re going to have to make it friction-free so grandma can do it...the fact that we are arguing so much about it, and you have so many stands about Bitcoin — that just proves the point, that it's difficult.

It should be noted that Cuban is not dismissive of Bitcoin’s potential - just that it would need work to reach an appreciable level of support. He also talks of the excessive printing of money by governments in recent times as something that may aid Bitcoin’s growth,

It's to Bitcoin’s potential benefit if everything goes into the shitter because we’re printing so much money and there’s global implications - Bitcoin has got something to deal with and something to say. And if we don’t, Bitcoin ain’t got nothing.