Mark Cuban is expressing negative feelings about Cryptos – also known as blockchain. Some people just can’t seem to make up their minds about some things and Cuban keeps going back and forth on the issue. But you certainly don’t get to be a self-made billionaire by being indecisive.
Now, the man who even pushed for his NBA team the Dallas Mavericks to accept payments in Cryptos and started his own crypto-currency is sounding down on them again.
In an interview with “The Street” the other day Mark Cuban said, “I think the next possible implosion is the discovery and removal of wash trades on central exchanges. There are supposedly tens of millions of dollars in trades and liquidity for tokens that have very little utilization. I don’t see how they can be that liquid.”
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And it was just a few months ago that Mark Cuban sounded more bullish on Cryptos. “With crypto, it’s very analogous to that,” he said in October. “We’re in the early ‘hassle’ phases. Now the very earliest of crypto – however you want to decide the beginning, with Bitcoin or whatever – has been around 12 years. But in terms of applications with smart contracts, that’s only 2017 for the most part. And so we’re really only five years in.”
And Mark Cuban seems to like the kids of Generation Z saying, “I love what I’m seeing from GenZ. Their life experiences have been unique. Crazy politics, pandemic, financial boom/bust, shootings everywhere around them , huge protests, social media, real time video, now AI, have led them to innovate and strive to help each other first.”
In other Mark Cuban news, the Mark Cuban Cost Plus Drugs Company has added 10 new drugs to its offerings including, Linezolid (Generic for Zyvox), 60 600mg Tablets for $61.80, Flecainide Acetate (Generic for Tambocor) and 60 50mg Tablets for $9.60.
Founded in 2016 and based in Dallas, The Mark Cuban Cost Plus Drug Company declares that it is dedicated to producing low-cost versions of high-cost generic drugs. It pledges to provide radical transparency in how the company prices its drugs and that it will let everyone know what it costs to manufacture, distribute, and market their drugs to pharmacies.