On January 29, Mark Cuban, the businessman and television personality, took to the X platform (formerly known as Twitter) to have a conversation with his audience and the crypto community online.
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The Ask Me Anything (AMA) session asked about Cubanโs thoughts on various crypto-related topics. Notably, his replies to the community suggested the importance of a projectโs utility for the Shark Tank investor.
When asked about his thoughts on crypto, Cuban stated โI hate the speculation but love when there is utility,โ similarly replying to a different question about on-chain finance โneeds new ideas with more utility.โ Additionally, he explained that Bitcoinโs Layer 2 solution aimed at scaling โdoesnโt matter at all,โ and emphasized his belief that โItโs applications with unique utility that matter.โ
Cuban believes blockchain technology is here to stay but identifies two issues. The first concerns the existence of โtoo many blockchains,โ and the second is the lack of an application that makes the technology โindispensableโ for all generations.
For these reasons, the businessman thinks blockchain technologyโs future is in the air but reaffirms that โit will always have a place.โ However, he doesnโt consider blockchain security one of the biggest problems.
During the AMA session, the Shark Tank investor listed Polygon (MATIC), and Injective (INJ) as two projects heโs interested in outside the flagship cryptocurrency and the largest altcoin. When asked about his concerns on the project and growth of injective, Cuban said he didnโt have any, but he hopes โthey do wellโ as he is an investor.
The Doge community took part in the questions, and Cuban admitted that he enjoys being part of the community. He also confirmed that The Dallas Mavericks continue to accept DOGE as a payment method.
I donโt think about it
โ Mark Cuban (@mcuban) January 29, 2024
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Regarding non-fungible tokens (NFTs), the investor explained โThey are a collectible in most cases but can be used for other things,โ and suggested that people should buy them to collect and not to speculate. Similarly, he expresses the challenges of selling these assets as he hasnโt found โa compelling aspect yet.โ
Similarly, Cuban indicated that he is โnot a fanโ of tokenizingย assets, such as sports teams and real estate, as he doesnโt think it โadds enough value.โ
Entrepreneurs
โ Mark Cuban (@mcuban) January 29, 2024
Cuban shared his views on the future of emerging technologies, affirming that he only sees Artificial Intelligence (AI) significantly impacting entrepreneurship in the next decade. Saying, โThere will be two types of companies in the USA. Those who are great at AI and everyone else.โ
Lastly, he was constantly asked about his thoughts on X owner and Tesla founderย Elon Musk. He addressed their relationship by simply replying: โI donโt not get along with him. I donโt know him. He likes to talk shit on here and so do I.โ
DOGE is trading at $0.08139 in the hourly chart. Source: DOGEUSDT on Tradingview.com
Feature image from Unsplash.com, Chart from Tradingview.com
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