Mark Cuban is bullish on everything crypto. In particular, he predicts DAOs will take over banks and insurance companies. Covered: DAO’s Will Replace Banks And Insurance Companies Mark Cuban’s Crypto Portfolio Mark Cuban Predicts DAO’s Will Replace Banks And Insurance Companies Billionaire Mark Cuban is known for his bullish stance on crypto in general. Cuban […] The post Mark Cuban Owns A Lot More Crypto Than You’d Think appeared first on CryptosRus.

Mark Cuban Owns A Lot More Crypto Than You’d Think

Mark Cuban is bullish on everything crypto. In particular, he predicts DAOs will take over banks and insurance companies.

Covered:

  • DAO’s Will Replace Banks And Insurance Companies
  • Mark Cuban’s Crypto Portfolio

Mark Cuban Predicts DAO’s Will Replace Banks And Insurance Companies

Billionaire Mark Cuban is known for his bullish stance on crypto in general. Cuban dove deep into the crypto space during his recent interview on “The Problem With Jon Stewart” podcast. He predicts that in the near future industries like banking, insurance, etc. are “going to change”, referencing new technologies like blockchains and DAOs.

Cuban is particularly intrigued with decentralized autonomous organizations (DAOs). He said, “That’s where I really look to invest”. He continued on DAOs and mentioned that “All these new businesses are being formulated now that take this new approach,”. He theorized that DAOs could work for providing medical procedures, and pointed out how new businesses are using a decentralized and trustless approach.

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2021 will be remembered as the year of NFTs, and Cuban, along with others, believe that 2022 and the future will be for web3 and in particular, DAOs.

Mark Cuban’s Crypto Portfolio

Furthermore, The Dallas Mavericks owner revealed his bags and said that ““80% of the investments that I make that are not on ‘Shark Tank’ are in or around cryptocurrencies.”. He comments that his new investments are not in “traditional businesses”, and that there will be “game changing businesses” that come from the space.

The positive position on crypto Cuban takes during the podcast is not surprising. Currently, you can buy merchandise from his Mavericks shop in crypto and he has been particularly outspoken about crypto in the past. He did mention how the crypto space is “casino-like” because it is so new, and then compared the space  to the early days of the internet: “The exact same thing is happening now. It’s 1995 for cryptocurrencies.”

He concluded by saying that there are still problems within the crypto space and that it is “hard to understand and it’s a hassle”. But, he believes that ten years from now there are going to be cryptos that succeed and “that will create its own economy”.

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