Billionaire Mark Cuban Publicly Admits That He Doesn’t Own Any Cryptocurrencies

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • Mark Cuban on Kevin O’Leary’s YouTube Video openly admits that he doesn’t own any cryptocurrencies, and neither has any interest in Gold or Bitcoin.
  • Mark Cuban summarised that Blockchain does have basic intrinsic value, but comparatively, it is not as high transaction value of cryptocurrency.
  • Mark Cuban has invested in multiple crypto start-ups and digital assets, in the October of 2017, he told Bloomberg media corp.

Mark Cuban on Kevin O’Leary’s YouTube Video openly admits that he doesn’t own any cryptocurrencies, and neither has any interest in Gold or Bitcoin. Both are the members of US Venture capital reality show Shark Tank, while Mark owns multiple assets, including the basketball team Dallas Mavericks hitting the spotlight in NBA.

Mark emphasized peoples’ perspective of cryptocurrencies having no intrinsic value saying that they have no serious eye or observation on Blockchain value. Mark Cuban summarised that Blockchain does have basic intrinsic value, but comparatively, it is not as high transaction value of cryptocurrency.

As of this year, Mark Cuban’s net worth is $4.3 Billion, and though his involvement in Bitcoin and cryptocurrencies started in 2017 where he shared his thought on Bitcoin for the first time. Soon after several months, he made moves to invest in ICO’s (Initial Coin Offerings) to understand more about cryptocurrencies and their functioning.

Many Billionaires weren’t exposed to the cryptocurrency since their launch, and only the new age investors try to get something out of it. Some of the billionaires try to be optimistic considering the digital assets as one of the growth stocks while some stand against and name the cryptocurrencies as a bubble, which will soon lose its value for not being too realistic.

Mark Cuban has invested in multiple crypto start-ups and digital assets, in the October of 2017, he told Bloomberg media corp. That he owns Bitcoin personally, but over the years, he might have sold it out for the asset not gaining much value as told, and this could be verified from the YouTube video when he said that he doesn’t own any cryptocurrencies.

Further details are not known whether he will reacquire the digital assets and maybe change his mind on the topic again.

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