Mark Cuban, owner of the NBA Dallas Mavericks, said on Saturday. cryptocurrency He said that he has not given up hope on cryptocurrencies due to the collapse of the stock market FTX.
The former CEO of FTX believes Sam Bankman-Fried could go to jail but the crypto industry still has a lot of fundamental value. On Monday, Mark Cuban began unfollowing many crypto Twitter accounts, and some believed he was drifting away from crypto.
Mark Cuban Says He’s Not Giving Up On Cryptocurrencies
Although the collapse of FTX has affected investors and crypto companies, billionaire Mark Cuban still believes in crypto. According to TMZ Sports’ Nov. 26 report, Mark Cuban believes there is still too much underlying value despite the collapse of crypto exchange FTX:
“Separate signals from noise. Many people have made many mistakes, but that does not change the underlying value.”
Cuban bitcoin and he strongly believes in the cryptocurrency industry and is confident about the opportunities in the industry despite the tough times. Mark Cuban said that he does not foresee the industry collapsing as long as consumers have viable options in the crypto world.
Commenting on Sam Bankman-Fried, Cuban thinks jail time is imminent for the 30-year-old former CEO of FTX. Cuban believed Sam Bankman-Fried was clever, but he never thought he would misuse clients’ funds for his personal use:
“I don’t know all the details, but if I were him, I would be afraid of going to jail for a long time. I talked to this guy and I thought he was smart.”
When asked about Elon Musk and his influence on Twitter, Cuban said that Elon Musk really improved the user experience after buying Twitter.
On Monday, Mark Cuban unfollowed several prominent crypto Twitter accounts, including Nansen, Uniswap, Solana, DeFi Pulse, Dapper Labs and MetaMask.
Cuban KlimaDAO has invested in several crypto projects, including Mintable, DeFi Alliance, OpenSea, CryptoSlam, Zapper, Polygon, and Arbitrum.
*Not investment advice.
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