Mark Cuban Tells Stock Traders That BTC Hodlers ‘Are a Great Example to Follow’
Billionaire and crypto-asset supporter, Mark Cuban has identified bitcoin hodlers’ endurance as a model that stock investors can follow. According to the billionaire, after acquiring the asset at high prices back in 2017, the hodlers “held on because they believed in the asset.” Following in the Footsteps of BTC Hodlers These long term hodlers were unmoved even when the crypto asset lost more than two-thirds of its value after the 2017/18 bull run ended. Cuban’s remarks about BTC hodlers were in response to a request for advice to stock traders that incurred losses....
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"Stocks will be on the blockchain in the future," predicted the billionaire. Jumping on the r/Wallstreetbets subreddit for an "ask me anything" session recently, Dallas Mavericks owner Mark Cuban shared his thoughts on GameStop shorts, general investing and various crypto-related topics. The billionaire said “the game is changing” when it comes to stocks but encouraged the Redditors to look at Bitcoin (BTC) investors for guidance.“BTC HODLers are a great example to follow,” said Cuban. “Many bought at the highs in 2017 and watched it fall by 2/3 or more. But they held on because they....
In a tweet reply over the weekend, billionaire businessman and crypto advocate Mark Cuban described the current price action as part of the “great unwind”. The comment was in response to Larry Cermak, Director of Research at The Block, and emphasized the implications of over-leveraged traders leading to ‘unwinding’. In a response to Newsweek about […]
Cuban believes WSB traders are applying the principles of the crypto world to the stock market.
The billionaire investor and television personality, Mark Cuban recently did an interview on the recent episode of a podcast and discussed crypto assets at length. Cuban says his cryptocurrency portfolio is 60% bitcoin, 30% ethereum, and the rest is dedicated to smaller cap cryptos. Mark Cuban Shares His Crypto Portfolio Allocations Mark Cuban is a well known investor, one of the hosts on Shark Tank, and the owner of the National Basketball Association’s (NBA) Dallas Mavericks. For years now, Cubans and some of his fellow Shark Tank co-hosts have been discussing cryptocurrencies and....
Mark Cuban has been publicly bullish on Ethereum and DeFi. The billionaire has gone all-in on this sector. He believes dApps have great potential to build a new financial system. However, some protocols carry higher risk, sometimes that leads to a higher reward or a bigger loss, as Cuban himself just discovered. The billionaire got […]