https://s8.postimg.org/s7bxwxjw5/MCuban.jpg

A few weeks back, Mark Cuban decided he felt it was prudent to go on his twitter account and post about how he thought Bitcoin was currently in a bubble.

The tweet looked something like this:

https://s4.postimg.org/fnjfumh0t/U5du3_E6_Q2x_HCx_Yt_KBAe_DQEey_J1w_Ss7f_1680x8400.png

I wrote a post about it at the time, it can be read here:

https://steemit.com/cryptocurrency/@jrcornel/hey-mark-cuban-stick-to-what-you-know

Well, here we are a few weeks later and the latest headlines are saying that Mark Cuban is thinking about participating in an ICO run by a company that he is currently invested in.

So, Mark Cuban is thinking about taking an investment in an industry that he felt the need to voice negative opinions about just a few weeks earlier?

Actually when we really think about it, it shouldn't be all that surprising judging by another tweet of his posted a few minutes after that first one:

https://s16.postimg.org/6ki7w00ed/U5dt_UNSv_Xj_ANo_JNv_Vf5jej_Ur2_Qz_ZH7n_1680x8400.png

So, he is a believer in the technology but perhaps doesn't think the price is quite right.

Doesn't think the price is right for the entire space or just for Bitcoin?

Well, a company that Mark is already invested in is planning it's own ICO, and it is looking like Mark wants a piece of the action.

The company in question is Unikrn. Unikrn is an esports online betting site.

On a side not for those unfamiliar with the ICO acronym:

An ICO (initial coin offering) is a fundraising process used by blockchain based projects to raise capital through the sale of their digital tokens. ICO's are all the rage right now with money being thrown at just about all of them, even ones with very little fundamentals actually backing the project.

So, why would Mark Cuban be stating that Bitcoin was in a bubble just a few weeks ago and then participating in a coin offering shortly after?

Well I think this next little tidbit makes that quite clear...

In this ICO, Unikrn plans on launching a virtual currency that is based on Ethereum.

Ethereum is a rival of Bitcoin at the moment. Some think they both can coexist, but it is also likely that if money comes out of Bitcoin it could find it's way into other projects, like the Ethereum project.

So, in that regard, it makes perfect sense for Mark to put down a potential competitor of his own investment.

Or....

It could just be that Mark really does think the entire space is in a bubble but he decided it is better to join the party than fight the trend and miss out on some profits.

https://s3.postimg.org/4u3dzxxtf/nba-rumors-news-mark-cuban.jpg

And what better way to join the party than with a company you already know in an area that you have a keen interest in.

Sometimes it is tough to tell which one it is with Mark. :)

Stay informed my friends!

Sources:

http://www.cnbc.com/2017/06/29/mark-cuban-who-just-called-bitcoin-a-bubble-says-he-plans-to-invest-in-another-digital-coin.html

Image Sources:

https://www.forbes.com/sites/dandiamond/2015/04/02/mark-cuban-doesnt-understand-health-care/#4e1fbcf76fa7

https://twitter.com/mcuban

https://www.si.com/tech-media/2016/11/10/dallas-mavericks-mark-cuban-automated-sports-coverage

Follow me: @jrcornel