Billionaire entrepreneur Mark Cuban thinks that the cryptocurrency market has not yet reached “cheap” levels.
Mark Cuban, who is also one of the investors of the television show Shark Tank, He spoke about the cryptocurrency market.
In his statements, Cuban said that 80% of his portfolio, excluding Shark Tank, was previously in cryptocurrencies. On the Bankless Podcast, he told him that the decline in the cryptocurrency market asking how long it will take Contrary to what many analysts think is bottoming out, Cuban said prices not yet “cheap” enough told.
Cuban made the following statements in his statements:
I’m looking at market values $1 billion, $6 billion, $8 billion or $40 billion I see it is. You say this is cheap without looking at it. If you remember DeFi Summer, these things were less than a penny.
Noting that the $215 million market cap is “relatively cheap,” Cuban said he questioned why the native token of decentralized cryptocurrency exchange (DEX) Sushiswap was bought.
Cuban also said that he was particularly interested in tokens issued to offset the carbon footprint when asked which cryptocurrencies he was more interested in, such as Tier-1, Tier-2, NFT tokens, DeFi tokens.