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News

Billionaire Mark Cuban Discusses The Crypto Promising Future In Jon Stewart Podcast On January 13

January 14, 2022 - Around 2 mins mins to read

U.S Billionaire Mark Cuban said that 80% of his investments are for crypto in a podcast.

  • Mark Cuban

NBA Dallas Mavericks owner Mark Cuban had a talk with Jon Stewart on January 13 about financial investing and the current crypto market situation recently.

Cuban compared the price speculation around cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE) to “gamesmanship” similar to stock trading. He said that the cryptocurrency economy is “decentralized and trustless,” with token holders having a “usually equal vote” in determining the path of each project. Besides, these differentiae drew the billionaire investor in.

“The investments I’m making now are not in traditional businesses,” said Mark Cuban.“Eighty percent of the investments I make that are non-Shark Tank are in and around cryptocurrencies.”

Mark Cuban described how a decentralized autonomous organization, or DAO, may help with colonoscopies and other medical procedures. He also predicted that traditional fields like banking, insurance, and the book industry will be disrupted by numerous new firms built after the crypto economy, which are decentralized and trustless.

Mark compared the cryptocurrency industry to the internet’s early days. “It’s 1995 for cryptocurrencies,” he said. “[Cryptocurrency is] hard to understand and it’s a hassle, but ten years from now, these applications — there’s going to be those that succeed — that’ll create its own economy, and just like the Internet days, it’ll be the younger generation that figures it out first and is innovative.”

The owner of the NBA Dallas Mavericks has altered his mind on crypto assets in recent years, despite having previously stated that he would “rather have bananas” than gold or Bitcoin. Since then, the billionaire investor has supported Polygon (MATIC), put a lot of money into tokenized carbon offsets, and called for tighter stablecoin laws.

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