Mark Cuban’s Twitter Trolling Sent Bitcoin Prices Tumbling
Thu Jun 08 2017
Jim Andrews (452 articles)

Mark Cuban’s Twitter Trolling Sent Bitcoin Prices Tumbling

Back before the November election, entrepreneur Mark Cuban often took to Twitter in an attempt to take down then-presidential candidate Donald Trump. While that didn’t exactly work out, Cuban’s most recent target on social media has certainly had an effect.

On Tuesday, Cuban took aim at cryptocurrency bitcoin, which has, since the start of the year, nearly doubled in value. His Twitter comments also appear to have caused a dip in bitcoin’s value of about 5%. By mid-day Wednesday, the volatile cryptocurrency was still down by about 2% from its value prior to Cuban’s comments.

So what did Cuban say? For one, he called the currency “a bubble.”

A few hours later, one user noted that Cuban’s Twitter thread had sparked a sell off in the cryptocurrency. Cuban used that as further evidence that the asset was indeed in bubble territory.

Jim Andrews

Jim Andrews

Jim Andrews is Desk Correspondent for Global Stock, Currencies, Commodities & Bonds Market . He has been reporting about Global Markets for last 5+ years. He is based in New York

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