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Entrepreneur and Dallas Mavericks owner Mark Cuban engaged with his 8.8 million followers on X during an impromptu Ask Me Anything (AMA) session this Monday afternoon. Covering a range of topics, Cuban shared insights into his cryptocurrency interests and other ventures.
Cuban's Crypto Picks Beyond Bitcoin and Ethereum
When questioned about his preferred cryptocurrency investments beyond Bitcoin and Ethereum, Cuban pointed to Polygon and Injective, affirming, "I've invested in both (DYOR)."
According to Crypto Potato, responding to queries about the Dallas Mavericks' stance on Dogecoin, Cuban confirmed that the NBA team still accepts the cryptocurrency. The Mavericks made headlines in 2021 by becoming one of the first major businesses to adopt DOGE as a payment method.
Reflecting on Dogecoin's Growth
Cuban reflected on the growth of Dogecoin, acknowledging the benefits for those who invested in the cryptocurrency when the Mavericks began accepting it.
Addressing queries about memes surrounding Dogecoin, Cuban dismissed them, stating, "I don't think about it." Additionally, when a parody profile of Federal Reserve Chairman Jerome Powell jokingly asked about Cuban's opinion on a printer, Cuban replied humorously with a simple "Go Brrr."
Cuban's Take on NFTs and DeFi
Shifting the conversation to Non-Fungible Tokens (NFTs), Cuban emphasized their value as collectibles rather than speculative assets. On the topic of decentralized finance (DeFi), Cuban stressed the necessity for innovative ideas with practical applications, expressing reservations about its current trajectory.
According to Tron Weekly, Cuban, drawing from his experience in both traditional finance and crypto, expressed skepticism about tokenizing real-world assets, considering it a "hard sell." This contrasts with bullish predictions from figures like Larry Fink, who foresee a future where all assets are tokenized.
Final Thoughts on Crypto Speculation
In a concluding remark on the cryptocurrency landscape, Cuban echoed sentiments shared by many retail investors, expressing a distaste for speculation but a fondness for utility-driven initiatives.
Photo: Kanchanara / Unsplash
