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Mark Cuban praised cryptocurrencies for encouraging young people to invest, defended Robinhood, and compared gold to Bitcoin on the podcast “The Prof G Pod with Scott Galloway” this week. The billionaire owner of the Dallas Mavericks and “Shark Tank” star has likened the crypto-padollarge to the dot-com bubble. On the other hand, he highlighted the need to regulate stablecoins. Cryptocoin. com we are quoting what Cuban said…

Cuban: Cryptocurrencies remind me of the dot-com bubble

Talking about cryptocurrencies in the program he attended, billionaire Mark Cuban said, “Crypto reminds me of 1995. It’s all the tokens and trading and all the craziness going around; Reminds me more of the dot-com craze. “What is interesting to me about crypto is its ability to connect with real network platforms and smart contracts.” He also said that the reason why millions of people are investing in crypto is that it is much cheaper and simpler than investing in stocks. “I don’t think we fully understand the impact of crypto,” says Cuban.

Cuban, also referring to the famous trading platform Robinhood, said, “Robinhood’s gamification of trading has done a lot of good things contrary to what many people think,” saying that young people who invest using this platform can have a significant asset if they have a low finance. drew attention. In response to what people in their early 20s need to learn, Cuban said, “AI (artificial intelligence), AI, AI. Crypto, crypto, crypto. This is it,” he said.

Cuban: Bitcoin is a store of value like gold

Cuban also made comments on gold and BTC. “Bitcoin is a store of value, just like gold. Bitcoin eating, sleeping and breathing Bitcoin maximalisdollars believe it is a reserve currency and will emerge as a white knight when fiat crashes. I don’t think something like this will happen,” he said. On the other hand, “Gold is sold as a hedge against the apocalypse, a hedge against inflation. When there are things that look really bad, like a pandemic, he doesn’t really react. Bitcoin, likewise, is purely a game of supply and demand,” he says.

Finally, by mentioning stablecoins that are fixed to a specific asset (usually dollars), he says authorities will have to regulate stablecoins. “There is a lot of money out there. “If one of these projects was a Ponzi scheme or fraud, it would create significant instability,” he said. Finally, “We are in this death war between blockchains. Not all of them will survive. “Like in the early days of the internet, it will really be apps and innovations that drive their success,” he says.


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