Aside from Shark Tank, Mark Cuban says 80% of his new investments are in crypto

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Aside from Shark Tank, Mark Cuban says 80% of his new investments are in crypto

Mark Cuban said he didn’t focus on the price speculation around cryptocurrencies like Bitcoin and Dogecoin, comparing it to “gamesmanship” akin to that of stocks.

Comedian and former Daily Show host Jon Stewart said Dallas Mavericks owner and billionaire Mark Cuban broke down the intricacies of the crypto space in practical terms.

Speaking to Stewart on a Thursday podcast, Cuban said he didn’t focus on the price speculation around cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE), comparing it to “gamesmanship” akin to that of stocks. The Dallas Mavericks owner explained some of the basics of the space to Stewart, calling it “decentralized and trustless,” with token holders having a “typically equal vote” to determine the direction of each project — characteristics that appealed to the billionaire investor.

“The investments I’m making now are not in traditional businesses,” said Cuban. “Eighty percent of the investments I make that are non-Shark Tank are in and around cryptocurrencies.”

Cuban theorized how a decentralized autonomous organization, or DAO, might work in providing colonoscopies and other necessary medical procedures. He also posited that many new businesses modeled after the crypto economy — decentralized and trustless — would disrupt traditional institutions including banking, insurance and the book industry.

“It’s 1995 for cryptocurrencies,” said Cuba, referencing that the crypto industry was still in its early days akin to the Internet:

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