Never one to shy away from a challenge, the billionaire investor Mark Cuban has emerged as one of cryptocurrencies biggest cheerleaders in recent years. The investment world has always had a few Mavericks (pun intended) in its ranks and Mark Cuban is one of the truest mavericks you can find. With a desire to disrupt the status quo, it’s clear to see why Cuban has a love for cryptocurrencies, whether it’s investing in new altcoins, checking the Star Atlas Price, or the latest blockchain technology, we’ll look at a few of the reason why Cuban and Crypto are a match to be reckoned with.
A Serial Disrupter
From his early days in business, it was clear that Mark Cuban was a big proponent of change. Cuban was always on the lookout for innovative businesses, or indeed, any business where he could make his mark. This was no more evident than in his purchase of the Dallas Mavericks, who were at the time a fairly modest basketball team playing in the NBA. A team that always flattered to deceive, with a hugely dedicated and passionate fan-base in the heart of the state of Texas, the Mavericks were a project where he saw potential for improvement. Cuban brought his passion for the game and his innovative ways of working to the team to enhance not only the approach to how the team played on the court, but in his enhancement of business operations across the organization.
He took a global view to the team, meaning that everyone in the organization worked in harmony. The changes put in place by Cuban have overseen the most successful period in the team’s history. They are now perennial playoff contenders with a team that tasted the ultimate victory, their first NBA championship win.
Cuban has never been one to shy away from a challenge, whether it is his approach to business in basketball or his appearances on the hit tv show, Shark Tank, he has always championed a new way forward, and that’s what makes Cuban so interested in Crypto. He has a desire to learn all he can about a new emerging market or trend, and he won’t stop until he knows it all.
And Mark Cuban is not alone, after a brief slow down over the past few years with recessions, dropping prices and the general roller coaster that is Crypto, the interest in cryptocurrencies is starting to pick up with investors becoming more knowledgeable in that what, why, and how of each new coin that comes on the market. There is so much to learn in the crypto space that the volume of information can be overwhelming and finding the right sources is incredibly important. Prospective investors are using research sites such as ByBit.com to get the latest news in the industry or check on or the newest blockchain technology.
Investing in the ‘Future of Technology’
Investing in revolutionary blockchain technology is another of Cubans passions. He actively supports and invests in blockchain-based start-ups, recognizing that they have a potential to revolutionize industries and create new business models that can support growth. He not only invests in these businesses but provides mentorship to this new breed of start-up – not unlike his Shark Tank alter ego – to help them make the right choices as they look to succeed.
We can take a lot of clues from his Shark Tank appearances that show us why Mark Cuban and Crypto are made for each other. One of his key approaches to investment has always been diversification of his portfolio to mitigate risks and take advantage of new opportunities. As all astute investors know, diversification is key to a stable growth plan for your investments. Cuban sees his investments in Crypto as a move away from the traditional asset classes, like property, and are another insight into the mind of the investor who has always had the ability to identify emerging trends to the benefit of his portfolio.
Cryptocurrencies as a Store of Value
Another key reason for Cuban’s deep involvement in the crypto space is his belief in the concept of digital currencies as a store of value. As we are all aware, the world we live in is dogged by economic uncertainty. Whether it’s rising inflation across the globe or rising interest rates we can’t escape the challenges faced in the financial markets. Cuban views cryptocurrencies, and Bitcoin in particular, as a potential safe bet against more traditional fiat currencies. The limited supply and increasing adoption of cryptocurrencies across the globe makes it a reliable alternative to preserving and growing wealth.
As Cuban says, ‘it doesn’t matter how many times you fail, you only have to be right once’ and this can be said of the crypto space with new projects springing up every day. However, Cuban has always been an astute investor, so we’ll have to take that statement with a pinch of salt and believe he is hedging his bets with a refined investment strategy, but make no mistake about it, he views the crypto space as a key pillar of his future investments.