Mark Cuban recently joined X on Monday afternoon for a spontaneous Ask Me Anything (AMA) session with his 8.8 million followers, touching on a variety of topics, including crypto-related ones.
When asked about his preferred crypto venture beyond Bitcoin and Ethereum, Mark Cuban cited Polygon and Injective, declaring, “I've invested in both (DYOR).”
Dallas Mavericks still accept Dogecoin
One of the questions touched on Cuba's support for Dogecoin, with a user asking, “Will the Mavs still accept Dogecoin?” To this, Cuban simply replied, “Yes.” Cuba's NBA team, the Dallas Mavericks, received widespread attention in 2021 for becoming one of the first major companies to accept DOGE as a payment method.
Reflecting on Dogecoin's success, Cuban acknowledged that those who invested in the cryptocurrency when Mavericks started accepting Dogecoin are now reaping the benefits.
When asked about the viral Dogwifat meme and whether he was in on it, Cuban bluntly replied, “I don't think about it.” Unlike many other crypto enthusiasts, Cuban seems unimpressed by his growing interest in Solana memecoins like Dogwifat.
In a more light-hearted moment, a parody profile of Federal Reserve Chairman Jerome Powell asked Cuban, “Do you like my printer?” To this, Cuban humorously replied, “Go Bull,” referring to the sound of a printing press.
NFTs should be collected, not speculated
The discussion turned to non-fungible tokens (NFTs), a subject on which Cuban has established himself as an expert. Despite their speculative nature, Cuban emphasized that NFTs are primarily collectibles and should be purchased for use or collection rather than speculation.
Cuban expressed his thoughts on decentralized finance (DeFi) and emphasized the need for new ideas with more practicality. Although he has invested in his DeFi, he doesn't seem too impressed with its current state, saying: But we are not moving in that direction. ”
Mark Cuban, who has a background in traditional finance and cryptocurrencies, also expressed skepticism about tokenizing real-world assets, saying it would be a “hard sell.” This perspective differs from the bullish predictions of Larry Fink, who believes that eventually all assets will be tokenized.
As a final thought about the cryptocurrency industry as a whole, Cuba's views reflected those of many retail investors. “I hate speculation, but I love it when it has utility.”
