Billionaire Mark Cuban does not mince words about crypto

Billionaire Mark Cuban does not mince words about crypto

As the crypto market tumbles, little is heard of crypto evangelists.

While not strictly speaking an evangelist, billionaire Mark Cuban has invested in the industry. He believes in his future.

But Cuban, as a seasoned investor, has also retained all of his clarity. In a recent interview with Fortune, the billionaire entrepreneur said that the crisis that the crypto space is currently going through will make it possible to distinguish valid projects from projects based on nothing.

“In stocks and crypto, you’re going to see companies that were supported by cheap, easy money — but didn’t have valid business prospects — will disappear,” Cuban said. “Like [Warren] Buffett says, “When the tide goes out, you can see who’s swimming naked.”

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