Billionaire Mark Cuban says Wall Street Bets is disrupting the financial elite: ‘They want to change the game and kick their ass’

Billionaire Mark Cuban says Wall Street Bets is disrupting the financial elite: ‘They want to change the game and kick their ass’

Billionaire investor Mark Cuban. Reuters/Mike Segar

Day traders are shaking up the status quo by applying the rules of digital assets to the stock market, billionaire investor Mark Cuban said in a blog post on Sunday.

The "Shark Tank" star and Dallas Mavericks recalled that as a child, he once attended a stamp show where he bought a stamp from one dealer then sold it for 50 times the price to another dealer in the same room. The experience opened his eyes to the fact that traditions and inefficiencies exist in every market.

Wall Street Bets members joining forces to pump stocks such as GameStop and AMC in recent days reminded him of his stamp-arbitrage days, he said. 

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Moreover, younger investors have learned from trading Bitcoin and other cryptocurrencies that they can collectively boost the prices of digital assets and generate wealth for all involved, he continued.

"WSB traders are applying the same principles of the digital/crypto world to the stock market and they are loving the fact that the old