Aside from Shark Tank, Mark Cuban Spends 80% of his new investments in Crypto

Mark Cuban is one of the most popular billionaires right now. The man is known for his numerous business and investments but he is mostly known for owning the Dallas Mavericks and one of the primary investors in the TV series “Shark Tank”.

In the latest interview, Cuban states that the majority of his new investments are on cryptocurrency. With a whopping 80% of his budget for new investments being taken up by cryptocurrency.

Mark Cuban Invests A Huge Sum of Money in Cryptocurrency

This all started during a podcast held by former Daily Show host Jon Stewart his discussion with Mark Cuban. The pair were discussing Cuban investments and the discussion of cryptocurrency was brought up. They talked about a multitude of things but the most noteworthy was how the billionaire was enticed by the idea of the concept of the decentralized token.

Mark Cuban stated that the DAO or decentralized autonomous organization can work in other systems and businesses such as medical procedures. The billionaire has also postulated that cryptocurrency is a viable disruption to a lot of traditional institutions like insurance and banking. 

Conclusion

Mark Cuban is a successful businessman and an insightful investor who has made a fortune over the years. The discussion he had with Jon Stewart shows that he’s not investing in crypto just because it’s trendy but because he sees it as a disruptive force in the market that has a lot of potential applications.

* We hope this information will help you in your investment process, but this is not investment advice. Every investment carries risk, especially in this industry, so DYOR before making a decision.