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Hot & Cold: Mark Cuban Now Believes Crypto Is ‘Boring’

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beincrypto.com 09 September 2022 20:45, UTC
  
Reading time: ~2 m

Mark Cuban doesn’t seem to be able to make up his mind about crypto. He now believes digital assets are boring.

Speaking at the 2022 Code conference, Cuban said that, in his view, the space is boring and will stay boring for quite some time.

“Just like in the early days of the internet, we sail with the internet. It’s all boring, right? Because we haven’t seen anything new, The Dallas Mavericks owner added. “And it really took for mobile to come along to really propel it going forward. And we don’t have that right now for crypto, so it’s kind of boring.”

The Shark Tank investor believes that non-fungible tokens and decentralized finance do have something to offer, and there might even be other developments in the space that will come along. He insists that he is still “very interested” and will continue to invest.

Voyager Digital fan

The billionaire has had quite a chaotic relationship with digital assets so far.

Just recently, he found himself being sued for promoting a now infamous crypto lender Voyager Digital.
In October last year, he celebrated the platform, advertising its services and encouraging people to try it at an event hosted by Voyager.

“I like to use it, it’s easy, it’s cheap, it’s fast, and the pricing is actually really good, so we find it as a perfect fit for our Mavs fans and reaching Mavs fans of all ages,” Cuban said at the event, adding that crypto has an “untapped potential.”

And apparently, people believed him, which is why he, along with the company’s co-founder and CEO Stephen Ehrlich, is now being sued for going to “great lengths to use their experience as investors to dupe millions of Americans into investing.”

Cuban is (or at least was) also a Dogecoin (DOGE) fan, even implementing the cryptocurrency as a payment method for the Dallas Mavericks merchandise.

“I’d rather have bananas”

He emerged as a “crypto enthusiast” only a couple of years ago. Before that, he didn’t believe digital assets had anything to offer at all.

In 2019, in an interview with Wired, he said that choosing between bitcoin and bananas, he would go for bananas because they are more useful.


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