After having declared Bitcoin to be in a bubble and playing some part in pushing bitcoins's prices lower during recent volatility, Mark Cuban is now investing in an ICO. To be honest, even I cussed him out for announcing his personal thoughts over something that I felt he does not understand.
source champagecrypto
But, do you truly think he doesnt understand crypto? That he is a hypocrite for now plunging into an ICO?
Mark Cuban may be many things, but first and foremost, he is an entrepreneur - and a very successful one at that. A quick look at his tweets will tell you that he knew what he was talking about
“I think it’s in a bubble. I just don’t know when or how much it corrects. When everyone is bragging about how easy they are making $=bubble.”
The crypto market is saturated with "investors" that understand nothing about it. Gains have created instant millionaires and the ETH -> Lamborghini trend is nothing short of bragging.
“I’m not questioning value, I’m questioning valuation.”
I dont really see much wrong with what he has said here and the recent drops in value are a clear indicator that the crypto space continues to be a highly unpredictable investment.
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