Mark Cuban recently took to X on Monday afternoon for an Ask Me Anything (AMA) session with his 8.8 million followers, where he touched on various topics, including crypto-related ones.
When Mark Cuban was asked about his favorite cryptocurrency projects other than Bitcoin and Ethereum, he highlighted Polygon and Injective, declaring, “I've invested in both (DYOR).”
The Dallas Mavericks are still accepting Dogecoin
One question touched on Cuban's support for Dogecoin, with the user inquiring, “Does the Mavs still accept Dogecoin?” Cuban responded simply: “Yes.” The Cuban NBA team, the Dallas Mavericks, gained widespread attention in 2021 by becoming one of the first major companies to accept DOGE as a form of payment.
Reflecting on Dogecoin's success, Cuban acknowledged that those who invested in the cryptocurrency when Mavericks started accepting it will now reap the rewards.
“I don't think about it,” Cuban answered directly when asked about the viral Dogwifat meme and whether he was on board. Unlike many other cryptocurrency enthusiasts, Cuban seems unaffected by the increase in interest in Solana memecoins like Dogwifhat.
In a more lighthearted moment, a sarcastic profile of Federal Reserve Chairman Jerome Powell asked Cuban: “Do you like my printer?” Cuban responded humorously with the obvious “Go Brrr,” a reference to the sound of a printing press.
NFTs should be collected, not speculated upon
The discussion moved to non-fungible tokens (NFTs), a topic on which Cuban has established himself as a connoisseur. Despite their speculative nature, Cuban emphasized that NFTs are primarily collectibles and should be purchased for use or collection, not for speculation.
Expressing his thoughts on decentralized finance (DeFi), Cuban highlighted the need for new ideas with greater utility. While he has invested in DeFi, he seems less than impressed with its current situation, saying: “I hope so. But it's not heading in that direction.”
Mark Cuban, who has experience in traditional finance and cryptocurrencies, also expressed doubts about tokenizing real-world assets, noting that it would be a “hard sell.” This perspective differs from the bullish prediction of Larry Fink, who believes that all assets will eventually be tokenized.
In a final reflection on the cryptocurrency space in general, Cuban's opinion mirrored that of many retail investors: “I hate speculation but I like when there is interest.”
