Mark Cuban Now Thinks Crypto Is ‘Boring’
Mark Cuban can’t seem to make up his mind about crypto. He now thinks digital assets are boring.
Speaking at the Code conference in 2022, Cuban said that in his view the space is boring and will remain boring for a while.
“Just like in the early days of the internet, we sail with the internet. Everything is boring, right? Because we haven’t seen anything new, The Dallas Mavericks owner added. “And it really took until mobile came along to really drive it forward. And we don’t have that right now for crypto, so it’s kind of boring.”
The Shark Tank investor believes that non-fungible tokens and decentralized finance have something to offer, and there may even be other developments in the area to come. He insists he remains “very interested” and will continue to invest.
Voyager Digital fan
The billionaire has had a rather chaotic relationship with digital assets so far.
More recently, he was sued for promoting a now infamous crypto lender Voyager Digital.
Last October, he celebrated the platform, announcing its services and encouraging people to try it out at an event hosted by Voyager.
“I like using it, it’s easy, it’s cheap, it’s fast, and the prices are actually really good, so we find it to be a perfect fit for our Mavs fans and reach Mavs fans of all ages,” said Cuban during the event, adding that crypto has an “untapped potential.”
And apparently people believed him, which is why he, along with the company’s co-founder and CEO Stephen Ehrlich, are now being sued for going to great lengths to use their experience as investors to trick millions of Americans into investing.
Cuban is (or at least was) a Dogecoin (DOGE) fan as well, and even implemented the cryptocurrency as a payment method for Dallas Mavericks merchandise.
“I’d rather have bananas”
He emerged as a “crypto enthusiast” just a couple of years ago. Before that, he didn’t think digital assets had anything to offer at all.
In 2019, in an interview with Wired, he said that given the choice between bitcoin and bananas, he would go for bananas because they are more useful.
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