Famous billionaire Mark Cuban shared that a large part of his portfolio is devoted to altcoin projects. In his recent The Problem With Jon Stewart participation, he also gave details of an industry he wants to invest in.
Mark Cuban says 80% of his investments are related to altcoin projects
In his participation in The Problem With Jon Stewart podcast, Mark Cuban said that most of his investments, apart from Shark Tank, are in cryptocurrencies. The billionaire investor is an outspoken cryptocurrency supporter and believes that crypto will lead to significant changes in the future. In one episode of the podcast, he compares crypto to the early days of the internet and talks about its potential to disrupt the way traditional companies operate:
My current investments are not in traditional businesses. 80% of my investments outside of Shark Tank are in and around cryptocurrencies. In the future, banking will change, insurance will change, the book industry will change.
Powerful for Cuban is the idea of decentralized decision making made possible by certain aspects of crypto.
Cuban is also optimistic about smart contracts, which are collections of code that execute a set of instructions on Blockchain and dApps. However, this positive outlook isn’t particularly surprising from Cuban, who has been consistently outspoken about his belief in smart contracts. Cuban is known to be an avid investor in the crypto space, with a portfolio of cryptocurrencies consisting of various altcoin projects, NFTs and investments in many Blockchain companies.
What is evident from Mark Cuban’s statements?
First, it’s worth noting that Cuban isn’t entirely in crypto. Sure, it focuses 80% of its new investments in cryptocurrencies, but it already has a portfolio of other assets. The main takeaway from his comments is that the crypto market can present a tremendous opportunity. It’s also appropriate to compare it to the early days of the internet: Some of these companies succeeded, but many did not. Meanwhile, Mark Cuban owns Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). As
Kriptokoin.com, in a video that went viral on social media in the past weeks, it was stated that Mark Cuban is a Dogecoin investor. You can check out the details here.
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