On Monday afternoon, Mark Cuban invited his 8.8 million X (formerly Twitter) followers for a spontaneous Ask Me Anything (AMA) session.
Here are his best cryptocurrency-related answers.
“Do the Mavs still accept Dogecoin?”
“Yes” was the simple answer. In 2021, Cuban’s Dallas Mavericks started famously accepting Dogecoin (CRYPTO: DOGE) as a payment method.
Of course, if you had invested in Dogecoin when the Mavs started accepting it, you would be doing quite well now.
“Do you like my printer?”
To this ironic question from a parody profile of Federal Reserve Chairman Jerome Powell, Cuban responded with a concise “Go Brrr.”
Cuban has previously mused about whether the website of the Federal Deposit Insurance Corp., or FDIC, would be able to handle the traffic after the Fed stepped in to protect depositors in March 2023.
“What do you think of the dogwifhat meme? Are you wif us?”
Cuban’s answer: “I don’t think about it.”
Unlike many other cryptocurrency investors, Cuban does not seem impressed by the surge in interest in Solana (CRYPTO: SOL) memecoins like Dogwifhat.
“Are NFTs a scam or do they have real use cases/value?”
Cuban is a long-time NFT connoisseur and has weighed in on rather obscure NFT-related creator drama before.
His answer to this question: “They are a collectible in most cases but can be used for other things. Only buy them to use or collect them. Not to speculate.”
This flies in the face of their empirical use case thus far, which has been mostly speculation-related. But Cuban may simply be early here.
“What do you think about music NFTs???”
Cuban was not convinced by this specific use case: “Tough sell. Hasn’t found a compelling aspect yet.”
That says something coming from Cuban, who didn’t even abandon crypto after his wallet got hacked.
“Fav crypto project outside of Bitcoin and ETH?”
Cuban likes “Polygon and Injective, I’m an investor in both. DYOR.”
Polygon (CRYPTO: MATIC) is up 3% on the day and Injective (CRYPTO: INJ) is up 6.5%.
“Your biggest crypt/NFT bag and what’s your conviction on it.”
Cuban’s portfolio is fairly conservative for an experienced cryptocurrency investor: “BTC/ETC/MATIC/INJ but this is not a recommendation. Just a response.”
Surprisingly enough, Dogecoin does not feature in his portfolio.
“Thoughts on on-chain finance in 2024?”
Cuban…
Click Here to Read the Full Original Article at Cryptocurrencies Feed…
