Billionaire entrepreneur and investor Mark Cuban recently stated that cryptocurrencies talked about.
“Separating Noise and Signal That Matters”
Cuban talked about the benefits that cryptocurrencies provide and claimed that the main challenge with crypto investments is “separating the market noise from the signals”.
Talking about the different benefits cryptos provide, the famous entrepreneur said, of bitcoin It’s like an “alternative to gold”, Ethereum’s He stated that he “has a programming language in which different applications can be built”.
Concerning the issue, Cuban said:
“Investing in cryptocurrencies should not be considered different from investing in everything else. Does this product have a service that it can provide to consumers and businesses? If your answer is yes, you can invest. But if your answer is no, you don’t invest.”
Cuban also explained the difficulty of investing in cryptoassets and likened the current state of this industry to the early days of internet-related stocks:
“In 1995, when internet companies went public with only one website, people invested because those websites existed. We see a similar situation in cryptocurrencies. If you think that a crypto token or application really has value and uses, you can research and invest in it.
“I Think Investors Will Return To The Market.”
Cuban also spoke about the recent market fluctuations:
“Markets overreact and overcorrect to news or anticipated news. This is especially true after big rises. Because speculators and investors want to protect their profits, so they switch to cash.
But the truth is, there aren’t many other good options to put money into. So I think people will be returning to the market, even though it’s sluggish at the moment.”
*Not investment advice.