Mark Kyuban: Bitcoin should be easier to use

Simplification of the use of bitcoin can become a driver of its development, according to well-known bitcoin critic Mark Kyuban. During a subcast with Morgan Creek Digital CEO Anthony Pompliano, he made a number of comments about the functioning of the crypto industry.

So, according to Mark Cubeban, at present, bitcoin is not simple enough for widespread adoption as a means of payment, since asset holders often do not have the opportunity to spend it. “It is necessary to transfer bitcoin to something else in order to spend it, therefore, it remains dependent on the fiat currency,” he said and emphasized that for the spread of cryptocurrency, it should become as clear as possible to the population.

We add that in the fall of last year, Mark Cuban said that he would rather buy bananas than invest his money in digital funds. He argued his decision by saying that ripe fruits could at least be eaten, while bitcoin could not be of any use.