Shark Tank aside, Mark Cuban says 80% of his new investments will be in cryptocurrencies

The comedian and former presenter of the Daily showJon Stewart said billionaire Dallas Mavericks owner Mark Cuban put the complexities of the cryptocurrency space in practical terms.

In an interview with Stewart in a podcast on Thursday, Cuban said he was not focusing on price speculation around cryptocurrencies such as Bitcoin (BTC) and Dogecoin (DOGE), but rather compared them to similar “game arts” (competitions). The owner of the Dallas Mavericks explained to Stewart some of the basics of this room, calling it “decentralized and trustworthy,” where token holders have a “usually equal vote” to determine the direction of any project, traits that attracted the billionaire investor .

“The investments I am making now are not in traditional stores,” said Cuban. “Eighty percent of the non-Shark Tank investments I make are in and around cryptocurrencies.”

Shark Tank aside, Mark Cuban says 80% of his new investments will be in cryptocurrencies
Shark Tank aside, Mark Cuban says 80% of his new investments will be in cryptocurrencies

Cuban theorized how a decentralized autonomous organization, or DAO, might function to provide colonoscopes and other necessary medical procedures. He also postulated that many new companies modeled on the crypto-economy – decentralized and without trust – would disrupt traditional institutions such as banks, insurance companies and the book industry.

“We are in 1995 for cryptocurrencies,” said Cuba, referring to the fact that the cryptocurrency industry was still in its infancy, as was the internet:

“[La criptomoneda es] Difficult to understand and arduous, but in ten years’ time these apps – there will be those that will be successful – will create their own economy, and as in the days of the internet, it will be the younger generation who discover it first and be innovative “.

The attitude of the star of Shark tank on crypto assets has changed a lot in the past few years when he once said he would “prefer bananas” to gold or BTC. Since then, the multi-billion dollar investor has supported Polygon (MATIC), invested hundreds of thousands of dollars in tokenized carbon offsets and called for more regulations on stablecoins.

Stewart indicated that he had a better understanding of space as a technological and economic issue, rather than one made up entirely of a monetary system, but continued to express concerns about letting the decision-making process be large. The comedian had already joked about the possibility of starting a token project under his name in 2021:

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