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  • The Cuban mark prefers BTC investment over future ETF bitcoin

The Cuban mark prefers BTC investment over future ETF bitcoin

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  Bitcoin

TL; Fault DR

The merchant thinks that bitcoin is the new digital gold.
• The Kuban mark can use several cryptocurrencies in the next few days.

The digital currency market marked a new turning point during the week, as Bitcoin reached a new all-time high and traded at $ 65,000. BTC increased in price due to ETFs.

Although this new record has caught the attention of entrepreneurs, Mark Kuban prefers not to invest in the Bitcoin Futures ETF this time. According to Cuba, ETFs have ended successfully, but direct investment in BTC is much better.

Bitcoin Exchanges: What Are They?

Cuban Mark

The funds traded in BITO belong to the first Bitcoin ETF that is linked to the US stock market under the auspices of the Securities and Exchange Commission. This fund allows those interested to buy bitcoins without the need for an encrypted wallet. There is a big difference between buying Bitcoin in the future and buying Bitcoin directly from an encrypted wallet.

These futures contracts will be a type of financial income that can be summed up by another price in agreement with their price. BTC Futures are agreements to buy bitcoins in a final segment, not tokens that are stored at the risk of creating or losing money due to price fluctuations.

Among those fans who receive BTC futures trades is Mark Koban, owner of the Dallas Mavericks NBA team. After entering and exiting the latest BTC futures fund, Kuban said he would prefer to buy the token and have it in his cryptocurrency wallet.

Mark Kuban, who says his cryptocurrency wallet is more than 60 percent full of bitcoins, thinks the ETF offers are tempting, but nothing better than investing.

Cuban Mark believes that Bitcoin has a very good trading future

Mark Kuban does not stop admiring cryptocurrencies, especially bitcoin, which is his preferred symbol. According to the trader, Bitcoin is superior to other digital currencies due to its current price and investment opportunities.

Cuba states that Bitcoin has no competitors in terms of storage cryptography. According to him, the token has an algorithmic limitation. This means that bitcoin has little supply in any template. Accordingly, Kuban believes that the greater the demand for crypto, the greater its commercial value.

Mark Kuban has also repeatedly said that bitcoin is the new gold, even better than storing gold for the profit it offers. However, the entrepreneur is not limited to understanding the purchase value of other cryptocurrencies such as Atrium, which today trades at $ 3,987. Cuba hopes that those who do not like cryptocurrencies will realize that regulations cannot stop this new financial model.