Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, says recent blowups in the crypto space, including the FTX implosion, “have been banking blowups,” not crypto blowups. He also explained why he invests in crypto.Mark Cuban explained on Twitter Saturday that the implosion of FTX is not a crypto blowup. Commenting on his Shark Tank co-star
discussing why the collapse of the crypto exchange signals a turning point in the industry, Cuban tweeted:“Lending to the wrong entity, misvaluations of collateral, arrogant arbitrages, followed by depositor runs,” the Shark Tank star elaborated. “See long-term capital, savings & loan and sub-prime blowups. All different versions of the same story.”
Many people on Twitter agreed with Cuban. One user described: “There was nothing specific about crypto … Other recent blowups were all essentially tradfi-style blowups too .” Aventus Ventures CEO Kevin Hobbs wrote: “This is true. It’s the centralized so-called crypto companies that are heavily invested in by bankers, run by ex-bankers, ex-SEC, CFTC, government that has caused all the largest blowups in crypto.” He added that true decentralized finance “with new regulation for Today’s world is what’s needed.”Mark is right here. This was not a crypto failure but a scammer taking advantage of investors and the lack of regulation.
yea.
WOW!.
So glad he didn't mention $SOL. $SOL has alot of great projects and developers. It hasn't imploded like alot of the FUD out there
🤡🤡🤡
Mark is right here. This was not a crypto failure but a scammer taking advantage of investors and the lack of regulation.
not a good decision CBPFinance BTCTN
Be Fearful When Others Are Greedy and Greedy When Others Are Fearful WarrenBuffett
mark Cuban has lot way to much money to be credible at this point!
yea.
wow!.
Thanks for clearing the air
Thankss a millon
WOW.!
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