billionaire investor Mark Cuban – Who has long expressed support for cryptocurrencies like Ethereum ETH / USD And the Dogecoin DOGE / USD – He thinks the crypto space is missing something to move forward as an industry.
what happened: Speaking to Kara Swisher at the 2022 Code Conference, Cuban said the cryptocurrency has a “certain place” but lacks new applications.
“Just like in the early days of the internet, we surf with the internet,” Cuban said. “It’s all boring, isn’t it? Because we haven’t seen anything new.”
“It really took the mobile to come along to really push it forward. And we don’t have that now for crypto, so it’s kind of boring.”
See also: Is Bitcoin a good investment?
The Dallas Mavericks owner added that with DeFi and NFTs being collectibles and possibly some “other little things of interest,” the space is likely to remain “boring.”
However, Cuban adds that he remains “very interested” in the space and continues to invest, although he believes it is still too early for the crypto industry as a whole.
Cuban, who declared himself in November as an Ethereum fanatic, holds Ethereum, Bitcoin Bitcoin / US Dollar And many small altcoins.
See also: Mark Cuban, the “Ethereum Maxi”, is bullish on this low-cap cryptocurrency
In the same interview, the investor also revealed that the notorious Pharma Bros. Martin Shkreli Who was the inspiration for his healthcare company Coast Plus Pharmaceutical Company. “If he can raise things 1,500 percent or whatever, why can’t we cut it down, right? Because it shows there’s price interchangeability out there,” Swisher told.
price movement: At the time of writing, BTC was trading at $19,745, up 2.8% over the past 24 hours according to data from Benzinga Pro. ETH was trading at $1,666, up 2.3% over the same period.
Both assets are trading more than 65% below their all-time highs.
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