In 2019, Mark Cuban said that he would choose “Bananas over Bitcoin“, but two years earlier he had invested in Bitcoin and even a Crypto e-sports betting site himself.

Bitcoin has a very rich history of many rich investors doubting it at first and then quickly changing their stance as prices go up and investing instead. Even Micheal Saylor, arguably the biggest Bitcoin Permabull today, went that same route. Most of them change their mind because they are after the money and realise that they are missing out on something if they do not follow now, but Mark Cuban was an exception.

For those unaware, Mark Cuban is a billionaire investor and probably the most and most likeable Shark Tank judge, which is not much of an achievement.

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In 2019, he said that Bananas would have more utility than Bitcoin and that he would rather invest in Bananas than Bitcoin and even said that “Baseball cards“ have more value, which is the most American answer possibly.

But ironically he had already invested in Bitcoin in 2017 but with a perspective I think we all should follow:

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I think that is where Mark Cuban may actually be right, while investing in anything but especially in Crypto you should act as if you have already lost your investment. From that way of thinking you can actually also derive our phrase of “only invest what you can afford to lose“.

In conclusion, even if Mark Cuban may have used some extreme analogies, his basic thought was right. Back then Bitcoin was not seen in any ways as safe, so you should have most definitely just invested as much as you were immediately ready to lose. Even fi we hate most billionaires for the right reasons, we gotta give him respect where it is due.