Mark Cuban has revealed that 80 percent of his new investment is related to cryptocurrencies, except for his selection from Shark Tank. Business tycoons were recording podcasts when former Daily Show host Jon Stewart made a revelation. The owners of the NBA’s Dallas Mavericks team are already known for their support for the growing crypto culture. Cuba believes that Ethereum is the closest to the real currency, while Bitcoin produces New Age gold.
A 63-year-old Shark Tank investor talked about his admiration for the decentralized elements of cryptocurrencies. Cuba is impressed with the fact that crypto holders have a say in directing the overall trajectory of their favorite tokens.
“The investment I’m making now isn’t a traditional business. 80% of all non-Shark Tank investments are in and around cryptocurrencies,” Cuba told Stewart.
When I look at cryptocurrencies, I look like an entrepreneur and how any combination of smart contracts, decentralization, security, and economics can do business and create better ways to create opportunities. Ask if you want to. When I see it, I start it or invest in it. https://t.co/2BW0KyuRFA
— Mark Cuban (@mcuban) January 12, 2022
Cuba admitted that the crypto sector is still up, but has regained his confidence in the emerging space.
He compared his current skepticism about cryptospace with how the Internet looked in 1995.
“”[Cryptocurrency is] Difficult and tedious to understand, ten years later, these applications have successful applications and create their own economy. As in the age of the Internet, it is the younger generation who understand it. First, it’s innovative. Cryptocurrency is 1995, “billionaire added.
Cuba, in his own position, is trying to promote the adoption of cryptography in the United States.
His basketball team was one of the first teams to start accepting payments for their goods at Dogecoin, and shortly thereafter, Cuba was observed to see a 550% increase in Doge payments shortly after the first month. Said that.
A billionaire investor himself has a diverse crypto portfolio. This includes celebrities such as Bitcoin, Ethereum, Dogecoin and other altcoins.
Cryptocurrencies are unregulated digital currencies, not fiat currencies, and are subject to market risk. The information provided in this article is not intended or constitutes any financial advice, transactional advice, or other advice or endorsement provided or endorsed by NDTV. NDTV shall not be liable for any loss resulting from an investment based on the recognized recommendations, forecasts or other information contained in the article.
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https://gadgets.ndtv.com/cryptocurrency/news/mark-cuban-crypto-investment-jon-stewart-shark-tank-2707822#rss-gadgets-all Mark Cuban says 80% of his new “non-Shark Tank” investment is back in the crypto sector