Mark Cuban, the billionaire who participates in the reality show “Shark Tank” broadcast on the ABC television network, spoke on the Bitcoin and gold in a recent interview. The “shark” gave a rather surprising opinion regarding the eternal comparison between Bitcoin and gold.
Cuban optimistic for Bitcoin
Mark Cuban was a guest on the “Club Random with Bill Maher” podcast where he was asked about his view on crypto. The majority owner of the professional basketball team playing in the NBA Dallas Mavericks is confident about the value of bitcoin.
According to him, the BTC should rise again in the future and he intends to take advantage of it. He even shared that he wants “Bitcoin to keep going down” so he can buy more. That way he can take advantage of the rise to make significant profits.
Mark Cuban added that Bitcoin is a better store of value asset than gold. To support his words, the investor took a very telling example of the advantage that the crypto-asset confers over gold. As reported Decrypthe stated :
“Gold is a store of value and so is bitcoin. If everything went wrong and you had a gold bar, you know what would happen? Someone would beat you up or kill you and take your gold bar. gold. It is useless.”
The billionaire who is worth 6.25 billion has indicated that he much preferred digital assets as it is not worth investing in gold. This is not an isolated fact as Cuban consistently praises crypto-assets like Bitcoin, Ethereum, and Dogecoin.
The crypto sector still has a long way to go
In an interview with Forbes last September, Mark Cuban spoke about the state of the crypto industry. According to him, cryptocurrencies are going through a period of turmoil like what we saw in the 90s with streaming services.
From what is apparent from this interview, the crypto space is still in its infancy. Although Bitcoin has been around for about a decade, smart contracts have only been around since 2017, or five years. It’s very little to develop useful applications that will radically change people’s lives.
Cuban keeps faith in crypto because after five years of work, we already have the decentralized finance (DeFi), money transfer and non-fungible tokens. At the moment, there are no mainstream applications that would make people necessarily need a digital wallet. It’s still boring because there is not a great diversity of services. The next few years will be decisive because the demand for services will grow and the sector will expand.
NBA team owner Dallas Marvericks explained an application of NFTs that could benefit textbook book publishers. According to him, publishers, authors, and all those who contribute to the production of textbooks could benefit from NFT technology.
This will change the process of purchasing books which does not really benefit them. Currently, when a student needs a book, he buys a new or used one. After having used his book for a semester, the student must make a decision whether to sell it, or give it to a relative who will also use it, or send it to the bookstore. It’s a shortfall for book publishers who are disappearing in a digital world.
With NFT technology, the author and the publisher will benefit from a fixed fee each time the book is resold. They continue to benefit from the fruit of their product even after the first sale, which is not the case with a physical book. The latter no longer makes money after the initial sale and publishers have to hope that it disappears in order to make another sale.
Other Valuable Cryptocurrencies to Buy in 2023
The crypto market has seen many difficulties during the year 2022. As this year ends, a few projects are showing a good picture and are likely to explode in 2023. Investors continue to benefit from the wind of optimism surrounding these crypto again in presale to invest.
Dash 2 Trade (D2T)
Dash 2 Trade is identified as the “Bloomberg Terminal for Crypto”. Powered by the Learn 2 Trade team, this project aims to help real-time market data monitoring and analysis to allow investors and traders to improve their transactions.
The Dash 2 Trade platform is hosted on the Ethereum blockchain and its ecosystem is powered by its native D2T token, an ERC-20 token that is used to pay for subscriptions and other services.
Fightout (FGHT)
FightOut is a fitness app and gym chain that works on the same basis as Stepn. Thanks to move-to-earn, the app gamifies fitness and fitness. Users participate in workouts and complete challenges. In return, the application grants them rewards in the form of its native FGHT token.
The presale of the FGHT token started a few weeks ago and it has already raised nearly $3 million. You can buy a token currently at the price of $0.16 per unit. To motivate investors to buy, Fightout gives a bonus to the purchase of its tokens based on the purchase amount. Those who buy for $500,000 receive 25% bonus chips for example.
C+Load (CCHG)
C+Charge wants to revolutionize the electric vehicle charging station sector. The project wants facilitate access for owners of electric vehicles to carbon credits because they help protect the environment.
The ecological crypto project wants to install stations or charging stations everywhere operating with a payment system based on blockchain technology. The ecosystem is powered by the native token CCHG which is on presale right now at a price of $0.013. In the fourth and final stage of the presale, the $CCHG token will cost $0.02350.