Mark Cuban Feels that the Crypto Start-ups with Solid Foundations Will Find Success
Updated: Jan 7
While the combined cryptocurrency market capitalization is still well below the $1 trillion mark, it doesn’t seem like that will change anytime soon, with companies like FTX paint this brand-new sector in a bad light.
Some out there, such as Mark Cuban, feel otherwise about the crypto industry. Cuban recently shared that he believes that the companies that are falling apart and crumbling before our eyes are the ones that lack a proper foundation and the vital elements to be successful in the long run.
In an interview with Fortune magazine, Cuba stated that “in stocks and crypto, you will see companies sustained by cheap, easy money—but didn’t have good business prospects—will disappear. Like [Warren] Buffett says, ‘When the tide goes out, you get to see who’s swimming naked. Disruptive applications and technology released during a bear market, whether stocks, crypto, or any business, will always find a market and succeed.”
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