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Wednesday

12 May 2021

Billionaire Mark Cuban's Million-Dollar Bet: BTC or ETH to Outpace the S&P 500 in 10 Years – Finance Bitcoin News

Billionaire Mark Cuban's Million-Dollar Bet: BTC or ETH to Outpace the S&P 500 in 10 Years – Finance Bitcoin News


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The American billionaire entrepreneur and television personality, Mark Cuban, has waged a bet with Creative Planning’s founder Peter Mallouk over the performance of cryptocurrencies versus the S&P 500.

One of the investors on the ABC reality television series Shark Tank, Mark Cuban has been talking about cryptocurrencies a lot lately, and recently the billionaire told Ellen Degeneres about the potential of dogecoin (DOGE).

Just recently, however, Peter Mallouk the founder of Creative Planning, a financial management group, said that people listening to Cuban’s dogecoin tweets are not too intelligent.

“The probability of a diversified portfolio beating someone picking a handful of stocks is very high,” Mallouk said, trying to convince Cuban.

After Cuban tweeted about leveraging a stablecoin-based smart contract held by a custodian, Mallouk again said he was interested.

“Then we can move onto the next thing we disagreed on,” the Creative Planning founder added.

What do you think about Mark Cuban’s wager with Creative Planning’s founder Peter Mallouk.

Let us know what you think about this subject in the comments section below.

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