Former cryptocurrency skeptic Marc Cuban invests in cryptocurrency startup

Mark Cuban, a prominent and wealthy investor, has demonstrated his ability to change his views on innovations. He is now supporting a venture capital fund called 1confirmation. This startup’s main sphere is cryptocurrency investment opportunities.

In his conversation with CNBC on Tuesday, the billionaire told that he has become interested in this space and wants to be involved in this too and learn more.

The startup is headed by the former Coinbase employee Nick Tomaino, it plans to raise $20 million, as stated in the paper sent to the Securities and Exchange Commission that controls and regulates cryptocurrency companies either based in the United States or operating with the United States citizens.

Mark Cuban, who formerly expressed seemingly invariable criticism of cryptocurrency and called Bitcoin a bubble, now invests in the startup operating with cryptocurrency. Another sign he plans to engage with digital currency market is that he plans to participate in a Unikrn platform that works on blockchain technology. Cuban is often associated with sports investment, and this platform is dedicated to sports betting. One might expect that he will not be the only one to change his mind and engage with cryptocurrency as the time goes on.