Billionaire and Ethereumist, NBA Mavericks owner Mark Cuban expressed his views on the current state of the cryptocurrency market in an interview with Fortune yesterday, despite Warren Buffett’s opposition to cryptocurrencies, calling it a scam. Name, but Mark Cuban still believes that Buffett’s wisdom remains unquestionable, because the current cryptocurrency market reminds him of Buffett’s famous wisdom.
“In stocks and cryptocurrencies, you will see companies that are backed by cheap, easy money — but without a valid business prospect — will disappear… It’s like Buffett said, when the water goes out, know who doesn’t wear pants.”
Mark Cuban pointed out in the report that Terra, Three Arrows Capital and Celsius are currently swimming naked in the crypto market. After the collapse of Terra, the market has produced many chain reactions. The two largest institutions, Celsius and Three Arrows Capital, have recently triggered a series of reactions. Doubts about bankruptcy.
But despite the current downturn in the cryptocurrency market, Mark Cuban still has high confidence in the market, as he believes that innovation will break through and eventually get out of the slump in the crypto market. Mark Cuban also believes that the cryptocurrency market is behaving close to the Nasdaq.
“Disruptive applications and technologies launched during a bear market, whether it’s in the stock market, cryptocurrencies, will always find a market and succeed… If interest rates rise, it (cryptocurrency) will always struggle, like stocks, Exceptions market new, game-changing and innovative applications.”
With the current downturn in the cryptocurrency market, the price of mining machines is also at a low level. For interested investors, it is a good opportunity to buy the latest machines such as S19 and L7.
Post time: Aug-05-2022