crypto strategy

Here’s Why Mark Cuban Still Believes in Crypto Despite the FTX Outage – Bitcoin (BTC/USD), Ethereum (ETH/USD)

Mavericks owner and investor Marc Cuban still believe in crypto, even though all cryptocurrency The market is reeling from the collapse of the FTX.

His optimism is based on the main underlying technologies that enable crypto transactions, called smart contracts.

Cuban says smart contracts will be a great tool to build valuable applications for everyone in the crypto market.

According to Cuban, the recent crypto crisis due to the FTX fiasco is an example of a banking boom, not a crypto boom.

Speaking about FTX’s collapse, Cuban said, “With FTX now, he’s someone running a business that’s just plain stupid and greedy.”

Cuban said 80% of his non-Shark Tank investments are focused on and around cryptocurrencies.

In a recent interview, Cuban talked about what he thinks is the next big thing for the crypto industry.

According to him, non-fungible tokens (NFTs) present a great opportunity in the book industry.

Cuban holds Ethereum ETH/USD, Bitcoin BTC/USDand several small cap altcoin tokens.

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