DOGE Bull Mark Cuban Talks Crypto, NFTs, And More In Community AMA
January 30 2024 - 10:00PM
NEWSBTC
On January 29, Mark Cuban, the businessman and television
personality, took to the X platform (formerly known as Twitter) to
have a conversation with his audience and the crypto community
online. Related Reading: Dogecoin Price Prediction – DOGE Bulls Aim
For Fresh Rally To $0.095 What Projects Does Mark Cuban Invest in?
The Ask Me Anything (AMA) session asked about Cuban’s thoughts on
various crypto-related topics. Notably, his replies to the
community suggested the importance of a project’s utility for the
Shark Tank investor. When asked about his thoughts on crypto, Cuban
stated “I hate the speculation but love when there is utility,”
similarly replying to a different question about on-chain finance
“needs new ideas with more utility.” Additionally, he explained
that Bitcoin’s Layer 2 solution aimed at scaling “doesn’t matter at
all,” and emphasized his belief that “It’s applications with unique
utility that matter.” Cuban believes blockchain technology is here
to stay but identifies two issues. The first concerns the existence
of “too many blockchains,” and the second is the lack of an
application that makes the technology “indispensable” for all
generations. For these reasons, the businessman thinks blockchain
technology’s future is in the air but reaffirms that “it will
always have a place.” However, he doesn’t consider blockchain
security one of the biggest problems. During the AMA session, the
Shark Tank investor listed Polygon (MATIC), and Injective (INJ) as
two projects he’s interested in outside the flagship cryptocurrency
and the largest altcoin. When asked about his concerns on the
project and growth of injective, Cuban said he didn’t have any, but
he hopes “they do well” as he is an investor. The Doge community
took part in the questions, and Cuban admitted that he enjoys being
part of the community. He also confirmed that The Dallas Mavericks
continue to accept DOGE as a payment method. I don’t think about it
— Mark Cuban (@mcuban) January 29, 2024 What Emerging Technology
Will Thrive in The Next Decade? Regarding non-fungible tokens
(NFTs), the investor explained “They are a collectible in most
cases but can be used for other things,” and suggested that people
should buy them to collect and not to speculate. Similarly, he
expresses the challenges of selling these assets as he hasn’t found
“a compelling aspect yet.” Similarly, Cuban indicated that he is
“not a fan” of tokenizing assets, such as sports teams and
real estate, as he doesn’t think it “adds enough value.”
Entrepreneurs — Mark Cuban (@mcuban) January 29, 2024 Cuban shared
his views on the future of emerging technologies, affirming that he
only sees Artificial Intelligence (AI) significantly impacting
entrepreneurship in the next decade. Saying, “There will be two
types of companies in the USA. Those who are great at AI and
everyone else.” Lastly, he was constantly asked about his thoughts
on X owner and Tesla founder Elon Musk. He addressed their
relationship by simply replying: “I don’t not get along with him. I
don’t know him. He likes to talk shit on here and so do I.” Related
Reading: Dogecoin Founder Fires Back At Ripple CEO: “DOGE Is
Essentially The Same Thing As BTC” DOGE is trading at $0.08139 in
the hourly chart. Source: DOGEUSDT on Tradingview.com Feature image
from Unsplash.com, Chart from Tradingview.com
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