Billionaire Mark Cuban Doesn't Mince Words About Crypto
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Dallas Mavericks owner Mark Cuban is a crypto investor. Bitcoin has lost more than 70% of its value since November 10, the date of its all-time high of $69,077.44. In May, sister tokens UST and Luna suddenly crashed, causing at least $55 billion to disappear, after UST lost its peg to the dollar, the foundation of it qualifying as a stablecoin -- which is a cryptocurrency tied to a more stable asset like the U.S. dollar or gold. Despite this bad news, Cuban remains optimistic about the future of the crypto industry. He also said that cryptocurrencies are related to the Nasdaq: Tech stocks and Bitcoin have moved in tandem lately, and Bitcoin will struggle till it's priced in. Source