Mark Cuban hates crypto.

Mark Cuban hates crypto.

On November 21st, it was brought to the attention of inquisitive onlookers that billionaire cryptocurrency investor Mark Cuban had begun unfollowing major crypto Twitter accounts.

 

It would appear that Cuban, the owner of the US baseball franchise the Mavericks, is no longer interested in communicating with the following accounts: Uniswap, The Block, Solana, Dapper Labs, MetaMask, and, lastly, DeFi Pulse.


The majority of the billionaire's most recent tweets have focused on expressing his approval of Elon Musk's plans to take over Twitter and other endeavors along these lines. On the other hand, throughout the last week there were tweets regarding drugs, but none of them connected to cryptocurrency.

It is important to point out that the business owner has been accumulating a sizable crypto investment portfolio over the course of the past two years. Around 28 different cryptocurrency companies and projects are featured on his website under the category of "blockchain."


On this list, some of the most well-known ones are Polygon, Nifty's, DeFi Alliance, KlimaDAO, CryptoSlam, Zapper, OpenSea, Arbitrum, and Mintable.

Investments in Cuban Pesos And Cryptocurrencies

It would appear that Mark Cuban has revised his opinion towards the asset class. Cuban recently declared that investing in this asset class is dull, despite the fact that he has spent the better part of the past almost two years investing substantially in bitcoin firms.

He then went on to make a parallel between the internet and encryption, pointing out that in the early days of the internet, there didn't appear to be anything really noteworthy happening. Cuban claimed that he does not find cryptography interesting because there is nothing new for him to learn.


Despite this, Mark Cuban is continuing to maintain a significant level of interest in nonfungible tokens (NFTs), the rapidly expanding new segment of the cryptocurrency market. In order to win over more of his legion of fans, he is prepared to test the waters of the digital collectibles market.

In the meanwhile, there were claims that the multibillionaire had significant exposure to the Voyager Digital platform, which has now gone out of business. Perhaps he also has some substantial exposure to the crypto exchange that has since gone out of business. As a result, this may be the reason why he has distanced himself from the crypto industry.

At a conference on Friday of the previous week, he made the accusation that Sam Bankman-Fried, who was serving as the chief executive officer of FTX at the time, is nothing more than the type of guy who always wants more.

Cuban stated a week ago that one of the reasons he is investing in cryptocurrencies is because of the potential for smart contracts to be utilized in the development of beneficial apps. In addition, he stated that the utility that a token produces is the source of its value.


Ojike Stella

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Comments
Alphonsus Odumu 6 d

Mark Cuban

 
 
Enobong Bassey 1 y

Okay. His life, his business