David – Cryptocurrency Expert
Despite the FTX scandal, billionaire investor Mark Cuban still believes in cryptocurrency.
Simply separating the signal from the noise is crucial, the Dallas Mavericks owner recently said to TMZ reporters.
“A lot of people made a lot of mistakes” referring to a recent cryptocurrency exchange scandal, but that does not alter the uses of the technology's fundamental value. “Look, you still use it for DeFi. There are still all kinds of applications. That’s all that matters” he said.
Sam Bankman-Fried, the company's founder, may receive a lengthy prison sentence, according to Cuban, who was speaking about the FTX catastrophe. Mark Cuban continued, “I don’t know all the details, but it sure sounds bad.”
The "Shark Tank" star acknowledges that he thought Bankman-Fried was a clever guy and had no notion that he was capable of allegedly defrauding other people out of their money.
According to reports, Cuban was at first a critic of cryptocurrencies. He previously stated that he would choose a banana over Bitcoin because the former was at least nutritious. Ironically, early in 2021, the billionaire warmed to digital currencies and became a supporter.
One may perceive it as a Bitcoin crash, while others may see it as an opportunity. Eliminating bad players in the space sooner rather than later is better since cryptocurrency will grow a thicker skin. If you want to buy Bitcoin today, you should visit a cryptobroker called BCBitcoin. You can buy cheap Bitcoin, as well as other popular cryptocurrencies. Additionally, you may keep track of cryptocurrency news by reading daily articles, study multiple tutorials for wallets and different coins, and store your crypto assets on the platform.