Cloud Hosting

When Mark Cuban tweets, people listen.

At least that appeared to be the case on Tuesday when the outspoken billionaire offered this bitcoin warning to his 7.1 million Twitter followers:

At the time, bitcoin BTCUSD, -1.20% was slightly off its high for the day but was still holding strong near the $2,900 level. As you can see, soon after the tweet, the volatile cryptocurrency drifted further from its peak.

Regardless, bitcoin has been on an absolute tear this year, surging some 200% and gaining more widespread recognition, even prompting one of social medias most popular gun-toting poker players to join the fun.

But Cuban remains unconvinced:

And:

Of course, this isnt a big departure for Cuban, who once told USA Today that bitcoins got no shot as a long-term digital currency.

He didnt, however, rule it out as a possible investment play.

Read: With bitcoin surge, cryptocurrencies top $100 billion in market capitalization.

Go here to see the original:
Mark Cuban tweets, and bitcoin drops - MarketWatch - MarketWatch