Popular entrepreneur & businessman Mark Cuban shared his thoughts on the current situation of the crypto sector & also his interest in the leading useful crypto projects despite huge downturn sentiment.
Mark Cuban is an American billionaire entrepreneur and media proprietor. The net worth of Cuban is an estimated $4.8 billion, according to Forbes on the 2020 Forbes 400 list. Cuban is a Shark Tank Star and he is also a fan of cryptocurrencies. He never follows any kind of hype about any crypto project, instead, he analyses & researches unique crypto projects to invest in.
Recently Cuban appeared in an interview with Forbes. In the interview, he compared the revolution of the crypto sector with the early days of streaming in the 1990s, when current blockchain technology was almost impossible to use & also ignored by mainstream consumers.
“With crypto, it’s very analogous to that. We’re in the early ‘hassle’ phases. Now the very earliest of crypto – however you want to decide the beginning, with Bitcoin or whatever – has been around 12 years.”
Cuban noted that it is all upon us where we see the initial phase of the crypto industry. Shark Tank star said that the smart contract concept was introduced in the crypto space in 2017, So we are still in the initial phase because it happened only 5 years.
By considering the smart contract features in the crypto space as an early-age concept, Cuban said that he is bullish on the future of Crypto.
Further Shark Tank star said that Defi, NFTs & fund transactions via crypto & blockchain use are now boring, so we have to wait for new use cases on which developers are working.
The billionaire TV star confirmed that he will invest in those crypto projects, which will push crypto adoption into the mainstream sector.