{"id":34593,"date":"2021-01-12T14:04:20","date_gmt":"2021-01-12T12:04:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34593"},"modified":"2025-08-28T21:20:38","modified_gmt":"2025-08-28T18:20:38","slug":"mark-cuban-compares-bitcoin-to-amazon-during-the-dot-com-bubble","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mark-cuban-compares-bitcoin-to-amazon-during-the-dot-com-bubble\/","title":{"rendered":"Mark Cuban compares Bitcoin to Amazon during the dot-com bubble"},"content":{"rendered":"<p>Billionaire Mark Cuban believes Bitcoin and some altcoins can weather a market bubble in the same way that Amazon, eBay and Priceline rode the dot-com boom.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Watching the cryptos trade, it\u2019s EXACTLY like the internet stock bubble. EXACTLY. I think btc, eth , a few others will be analogous to those that were built during the dot-com era, survived the bubble bursting and thrived, like AMZN, eBay, and Priceline. Many won\u2019t<\/p>\n<p>\u2014 Mark Cuban (@mcuban) <a href=\"https:\/\/twitter.com\/mcuban\/status\/1348663730712834056?ref_src=twsrc%5Etfw\">January 11, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Gold advocate Peter Schiff retorted that \u201cinternet companies had real value, whereas none of the cryptocurrencies have any.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The difference is that some of those early internet stocks actually had real value. So they survived and ultimately thrived. None of the cryptos have any real value so there will be no winners. They will all lose.<\/p>\n<p>\u2014 Peter Schiff (@PeterSchiff) <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1348691294458155013?ref_src=twsrc%5Etfw\">January 11, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Cuban contended that the price of cryptocurrencies, like gold, is determined solely by supply and demand.<\/p>\n<blockquote>\n<p>&#8220;It is a store of value. Bitcoin has no real use. All discussions of fiat and debasement are hype. Bitcoin is not intended for transactions,&#8221; added the billionaire.<\/p>\n<\/blockquote>\n<p>In August 2019, Mark Cuban highlighted the advantages of cryptocurrency over gold.<\/p>\n<p>In September 2020 Peter Schiff <a href=\"https:\/\/u1f987.com\/en\/news\/peter-schiff-admits-error-in-his-bitcoin-forecast\">acknowledged<\/a> that he was wrong in his July forecast of the collapse of the first cryptocurrency.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Mark Cuban believes that Bitcoin and some altcoins can weather a market bubble in the same way that Amazon, eBay and Priceline rode the dot-com boom.<\/p>\n","protected":false},"author":1,"featured_media":34594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[170,1551,1138],"class_list":["post-34593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-amazon","tag-mark-cuban","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34593"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34593\/revisions"}],"predecessor-version":[{"id":34595,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34593\/revisions\/34595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34594"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}