BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
SUBSCRIBE
BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
BlockNews.com
No Result
View All Result
Home Business

Tech Billionaire Mark Cuban Says Only Viable Blockchain Companies Will Survive Crash, Quotes Buffet

Alexa by Alexa
June 17, 2022
in Business
Reading Time: 2 mins read
A A
Tech Billionaire Mark Cuban Says Only Viable Blockchain Companies Will Survive Crash, Quotes Buffet
1
SHARES
16
VIEWS
Share on TwitterShare on Reddit

Mark Cuban expressed the belief that both the crypto and stock market are experiencing a shake-out. The entrepreneur believes that companies that are built on hype, as opposed to those offering truly innovative technologies and solid business models, will fail. 

You might also like

Telegram Enables USDT Stablecoin Payments on the Tron Network

Unstoppable Domains Set to Roll Out Web3 Messaging Service on Ethereum

Binance Space ID Tokens Launchpad Secures BNB Commitments Worth $2.8 Billion

Cuban told Fortune, “In stocks and crypto, you will see companies that were sustained by cheap, easy money — but didn’t have valid business prospects — will disappear.”

He also quoted billionaire Warren Buffet to emphasize how soaring inflation, historic interest-rate hikes, plunging prices of stock and crypto, and fears of a recession will expose the losers from the winners. 

“Like Buffett says, ‘When the tide goes out, you get to see who is swimming naked,” Cuban told the Fortune. 

Cuban also mentioned that companies that are developing and offering real technology that will have real utility will always attract customers and persist, even though a bear market. He iterated that only “game-changing applications” would survive the increasing pressure. 

Previously, the billionaire entrepreneur expressed both a mix of skepticism and excitement around cryptocurrency, relating it to the early days of the internet. He now believes that in spite of the rough market conditions, viable companies will survive.

“Bitcoin, Ethereum, a few others will be analogous to those that were built during the dot-com era, survived the bubble bursting and thrived, like Amazon, eBay, and Priceline,” Cuban tweeted in January 2021. “Many won’t.”

Tags: mark cubanmarket crash
TweetShareShare

Recommended For You

Telegram Enables USDT Stablecoin Payments on the Tron Network

by BlockNews Team
March 24, 2023
0
Telegram

Telegram integrates USDT-TRON (TRC20) into its platform, allowing users to send the stablecoin to their contacts seamlessly and without transaction fees. Telegram's venture into cryptocurrencies began with the...

Read more

Unstoppable Domains Set to Roll Out Web3 Messaging Service on Ethereum

by BlockNews Team
March 24, 2023
0
Unstoppable Domains

Unstoppable Domains is launching Unstoppable Messaging, a platform for sending encrypted messages from Polygon-based domains.  The messaging service aims to help Web3 projects build their communities and foster...

Read more

Binance Space ID Tokens Launchpad Secures BNB Commitments Worth $2.8 Billion

by BlockNews Team
March 24, 2023
0
space ID logo

More than 8.4 million BNB tokens were for up for the Space ID token sale Space ID earned $2.85 billion within 48 hours Final allocation will be based...

Read more

Coinbase Argues Software Services Are Not Securities: A Case Against the SEC

by BlockNews Team
March 24, 2023
0
coinbase

Coinbase CLO Paul Grewal announced that the company provided details to the SEC about why staking services are not securities Grewal saw the SEC’s perspective on software services...

Read more

Nigeria Now Enabled to Make Direct Crypto Purchases Through MetaMask

by BlockNews Team
March 24, 2023
0
metamask

Nigerians can now buy crypto using MetaMask instead of centralized exchanges Crypto fintech MoonPay merged with ConsenSys to allow users to buy cryptocurrencies through direct bank transfers Nigeria...

Read more
Next Post
Fed Influencing Crypto Market in Efforts to Reduce Inflation Rates

Fed Influencing Crypto Market in Efforts to Reduce Inflation Rates

Related News

NFT's

Six Types of NFTs You Should Check Out

October 5, 2022
mastercard LBank crypto

LBank and Mastercard Collaborate to Offer Global Crypto-Powered Debit Card

February 18, 2023
Xbox-Metaverse

Spencer’s Concerns about P2E Gaming

September 1, 2022

Browse by Category

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized
BlockNews.com

BlockNews.com brings you the most important Crypto and NFT news in the space.

CATEGORIES

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized

RECENT POSTS

  • Around The Block – MAR 24 Week in News March 24, 2023
  • Web3 Needs its ‘WordPress Moment’ to Speed up Positive Disruption March 24, 2023
  • UK to Mandate Declaration of Crypto Holdings in Tax Forms March 24, 2023

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

No Result
View All Result
  • Home
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?