On Monday afternoon, Mark Cuban invited his 8.8 million X (previously Twitter) followers for a spontaneous Ask Me Something (AMA) session.
Listed here are his finest cryptocurrency-related solutions.
“Do the Mavs nonetheless settle for Dogecoin?”
“Sure” was the easy reply. In 2021, Cuban’s Dallas Mavericks began famously accepting Dogecoin DOGE/USD as a cost technique.
After all, when you had invested in Dogecoin when the Mavs began accepting it, you’ll be doing fairly effectively now.
“Do you want my printer?”
To this ironic query from a parody profile of Federal Reserve Chairman Jerome Powell, Cuban responded with a concise “Go Brrr.”
Cuban has beforehand mused about whether or not the web site of the Federal Deposit Insurance coverage Corp., or FDIC, would have the ability to deal with the visitors after the Fed stepped in to guard depositors in March 2023.
“What do you consider the dogwifhat meme? Are you wif us?”
Cuban’s reply: “I don’t give it some thought.”
In contrast to many different cryptocurrency buyers, Cuban doesn’t appear impressed by the surge in curiosity in Solana SOL/USD memecoins like Dogwifhat.
“Are NFTs a rip-off or have they got actual use circumstances/worth?”
Cuban is a long-time NFT connoisseur and has weighed in on relatively obscure NFT-related creator drama earlier than.
His reply to this query: “They’re a collectible generally however can be utilized for different issues. Solely purchase them to make use of or gather them. To not speculate.”
This flies within the face of their empirical use case to this point, which has been principally speculation-related. However Cuban might merely be early right here.
“What do you consider music NFTs???”
Cuban was not satisfied by this particular use case: “Powerful promote. Hasn’t discovered a compelling facet but.”
That claims one thing coming from Cuban, who did not even abandon crypto after his pockets bought hacked.
“Fav crypto mission outdoors of Bitcoin and ETH?”
Cuban likes “Polygon and Injective, I’m an investor in each. DYOR.”
Polygon MATIC/USD is up 3% on the day and Injective INJ/USD is up 6.5%.
“Your largest crypt/NFT bag and what’s your conviction on it.”
Cuban’s portfolio is pretty conservative for an skilled cryptocurrency investor: “BTC/ETC/MATIC/INJ however this isn’t a advice. Only a response.”
Surprisingly sufficient, Dogecoin doesn’t characteristic in his portfolio.
“Ideas on on-chain finance in 2024?”
Cuban is famously an investor in decentralized finance however just isn’t wowed by its present state: “I feel we want new concepts with extra utility.”
Presumably, new concepts with extra utility would guarantee Cuban doesn’t find yourself on the improper finish of one other rug pull.
“Is DeFi the way forward for finance?”
Unsurprisingly, Cuban has cooled on the prospects of decentralized finance: “I hope so. However it’s not trending in that path.”
Nonetheless, the Mavericks proprietor nonetheless thinks DeFi might be another to conventional finance.
“As somebody who has expertise in each conventional finance and crypto, what’s your view on Actual World Belongings?”
“Going to be a tough promote,” based on Cuban. This goes straight in opposition to Larry Fink‘s bullish prediction that each one belongings will likely be finally tokenized.
“What are your ideas in crypto?”
Cuban’s take in all probability displays that of many retail buyers: “I hate the hypothesis however love when there may be utility.”
Till crypto might be defined to grandmothers, Cuban will not be inclined to vary his opinion.
Learn Subsequent: Neglect GameStop Inventory, Now There’s A GameStop Memecoin And It is Price Thousands and thousands
