Billionaire Mark Cuban called for focusing on the value proposition when investing in crypto assets and weeding out projects around which there is “a lot of noise and little benefit.”
“Do you think there is a value proposition there that consumers or businesses will use? If you think the answer is yes and that it provides sufficient growth, then you invest. If the answer is no, you don’t do it,” Cuban said.
In an interview, the billionaire mentioned Bitcoin and Ethereum. According to him, the first cryptocurrency is an alternative to gold and a store of value, while the second is distinguished by the presence of smart contracts that allow you to create various dapps.
Cuban also touched on the markets and stressed that they are “always overreacting and overreacting to news or expected events.” In his opinion, speculators and investors want to protect their profits, so they are in a hurry to get cash.
“But the reality is that whether rates go up to 3% or 4%, there aren’t many other good places to put your money in. […]. Although there may be a lull now, as we have seen in the past, people will return to the markets,” the billionaire concluded.
On February 21, the price of bitcoin reached a local low near $37,200, after which it returned to growth. Against the backdrop of geopolitical tensions on the morning of February 22, quotes fell to $36,350, Ethereum to $2,500.
At the time of writing, the first cryptocurrency is at $37,620. Over the past seven days, the asset has fallen in price by 11.5% (CoinGecko).
Previously, Cuban urged newcomers to pay attention to Ethereum. According to him, the second largest cryptocurrency by capitalization has “the most prospects in terms of investment.”
Recall that Glassnode analysts pointed to the risks of a further fall in the price of bitcoin on expectations of a key rate increase. Fed and geopolitical tensions.
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Billionaire Mark Cuban called for focusing on the value proposition when investing in crypto assets and weeding out projects around which there is “a lot of noise and little benefit.”
“Do you think there is a value proposition there that consumers or businesses will use? If you think the answer is yes and that it provides sufficient growth, then you invest. If the answer is no, you don’t do it,” Cuban said.
In an interview, the billionaire mentioned Bitcoin and Ethereum. According to him, the first cryptocurrency is an alternative to gold and a store of value, while the second is distinguished by the presence of smart contracts that allow you to create various dapps.
Cuban also touched on the markets and stressed that they are “always overreacting and overreacting to news or expected events.” In his opinion, speculators and investors want to protect their profits, so they are in a hurry to get cash.
“But the reality is that whether rates go up to 3% or 4%, there aren’t many other good places to put your money in. […]. Although there may be a lull now, as we have seen in the past, people will return to the markets,” the billionaire concluded.
On February 21, the price of bitcoin reached a local low near $37,200, after which it returned to growth. Against the backdrop of geopolitical tensions on the morning of February 22, quotes fell to $36,350, Ethereum to $2,500.
At the time of writing, the first cryptocurrency is at $37,620. Over the past seven days, the asset has fallen in price by 11.5% (CoinGecko).
Previously, Cuban urged newcomers to pay attention to Ethereum. According to him, the second largest cryptocurrency by capitalization has “the most prospects in terms of investment.”
Recall that Glassnode analysts pointed to the risks of a further fall in the price of bitcoin on expectations of a key rate increase. Fed and geopolitical tensions.
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