Billionaire and SharkTank investor Mark Cuban stated that he no longer follows accounts that post cryptocurrencies. Mark Cuban has been a person who has openly expressed his support for cryptocurrencies over the past years. However, after the FTX collapse, it was thought that he was trying to move away from the field. Here are the details…
Mark Cuban has stopped following some cryptocurrency accounts
Mark Cuban, one of the investors on the TV show Shark Tank, stopped following many crypto accounts just two days after he said, “I believe Smart Contracts will have a significant impact on creating valuable apps.” However, it is worth noting that he still follows some accounts. Cuban used the following statements:
I cleared most of the unfollowers. I still follow a lot of cryptos.
As we know as cryptokoin.com, Cuban said last month that crypto is getting “a little boring”. For this reason, many took his recent move as a sign that he may be distancing himself from crypto. There was a long four-month period of sideways movement in crypto. But earlier this month, FTX had collapsed in just two days. That’s why the boring mood in crypto is gone.
Is Cuban distancing himself from the crypto space?
Many crypto investors have said they will continue with cryptocurrencies after these events, as Cuban did. But some are now taking Cuban’s unfollowing as a sign that he is trying to move away from crypto. Nansen unfollowed Uniswap, Solana, The Block, DeFi Pulse, Dapper Labs, and MetaMask. As it is known, Solana (SOL) took a big hit because of its involvement with FTX. Dapper Labs behind Uniswap (UNI) and NFT-focused Flow (FLOW) also appear as altcoins of accounts Cuban unfollowed.
Cuban commented after FTX collapse
Cuban has invested in companies including Polygon, OpenSea and Arbitrum. It has come to the fore with its investment in cryptocurrencies such as Bitcoin, Ethereum and Dogecoin. Namely, he is a long-time supporter of the crypto industry. Even now, after the old FTX thing, Cuban said he was standing up. He said he sees potential mainly in smart contracts, projects aimed at scaling Ethereum. Cuban used the following statements in one of his most recent tweets:
What is not created is a ubiquitous application. There is clearly something that everyone needs and is willing to go through the learning curve to use. Maybe it never comes. But I hope and think about the future.
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