Billionaire Mark Cuban gave recommendations on investing in cryptocurrencies

In his view, projects that are useful to the community should be chosen

23.02.2022 - 07:20

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1 min

What’s new? Mark Cuban, a well-known US entrepreneur, whose fortune is estimated at $4,4 billion, gave a number of recommendations in an interview for FOX News on how to choose digital assets for profitable investment. The main criterion is that cryptocurrency has value for consumers and businesses.

The full version of the interview

What other theses did Cuban give? According to the businessman, cryptocurrency users should not consider projects that involve a lot of hype and noise but lack value. As for assets such as Bitcoin and Ethereum, Mark Cuban stressed that Bitcoin successfully fulfills its role as digital gold and a store of value. And Ethereum is an important platform with the availability of smart contracts for developers who create decentralized applications.

Commenting on the market decline, Cuban stated that investors will return to cryptocurrencies one way or another, as it is one of the best places to invest their money today.

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