Get All Access for $5/mo

Mark Cuban Hits Back at Elon Musk, Says Mavs Will Still Accept Bitcoin Mark Cuban took to Twitter to share his take on Bitcoin.

By Emily Rella Edited by Amanda Breen

Ronald Martinez | Getty Images

Mark Cuban took to Twitter to share his take on Bitcoin after Elon Musk sent shares of the cryptocurrency plummeting upon his announcement that Tesla would no longer be accepting the coin as a payment option.

Cuban, who owns the Dallas Mavericks, said that despite Musk's opinion, the Mavs would still accept Bitcoin (as well as other crypto coins Ether and Dogecoin) as payment.

"We know that replacing Gold as a store of value will help the environment," Cuban wrote. "And shrinking big bank and coin usage will benefit society and the environment."

Cuban linked out to two separate articles that explored the consumption of energy in bitcoin mining and how it is both necessary and renewable.

Twitter was less than thrilled with Cuban's commentary, one user even calling the billionaire's statement "nonsensical".

Bitcoin was down nearly 10 percent as of early Thursday afternoon.

Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Apple Reportedly Isn't Paying OpenAI to Use ChatGPT in iPhones

The next big iPhone update brings ChatGPT directly to Apple devices.

Business News

Sony Pictures Entertainment Purchases Struggling, Cult-Favorite Movie Theater Chain

Alamo Drafthouse originally emerged from bankruptcy in June 2021.


Are Your Business's Local Listings Accurate and Up-to-Date? Here Are the Consequences You Could Face If Not.

Why accurate local listings are crucial for business success — and how to avoid the pitfalls of outdated information.

Growing a Business

He Immigrated to the U.S. and Got a Job at McDonald's — Then His Aversion to Being 'Too Comfortable' Led to a Fast-Growing Company That's Hard to Miss

Voyo Popovic launched his moving and storage company in 2018 — and he's been innovating in the industry ever since.

Money & Finance

Day Traders Often Ignore This One Topic At Their Peril

Boring things — like taxes — can sometimes be highly profitable.


Want to Be More Productive Than Ever? Treat Your Personal Life Like a Work Project.

It pays to emphasize efficiency and efficacy when managing personal time.