He added that he thinks DeFi is one of the markets, along with nanotechnology, green technology, and other brand-new innovation classes, that have the potential to “take off in the next 10 years.”
Cuban also imparted some more comments about the more comprehensive state of the crypto area.
He specifically pointed to the strength of Bitcoin HODLers (yes, he used the term “HODLers”), keeping in mind that the truth they had conviction in BTC allowed them to make cash even if they bought the top of the 2017 rally near $20,000.
You need to gain from your trading experiences pic.twitter.com/qkKCbJ1SA2
— Mark Cuban (@mcuban) February 2, 2021
Billionaire investor Mark Cuban has been under the microscopic lense in the crypto space over the previous couple of weeks as he has actually started to tweet more about Bitcoin, Ethereum, and now even decentralized finance tokens to his over eight million followers.
Cuban has actually long been asked about Bitcoin, being a prominent investor and a prominent media figure due to his participation in jobs like “Shark Tank.”
In a current Reddit “Ask Me Anything” post, Cuban verified that he has been dabbling heavily in the DeFi space, doubling down on his Twitter posts on the topic.
Whats intriguing is that rather of hosting the “Ask Me Anything” on the AMA Subreddit, he chose to do it on WallStreetBets, which has seen a parabolic explosion
Cuban speak about DeFi
In the Reddit post, he was asked about his existing holdings in the crypto area.
Cuban responded by noting that he presently holds AAVE and SUSHI, the native coins of Aave and SushiSwap, respectively.
This verifies analysis done by on-chain trackers who kept in mind recently that a wallet associated with Mark Cuban held AAVE, along with capital staked in the procedure itself. Further analysis discovered that another wallet in the network of Cuban held SUSHI.
While this was not explicitly Cuban, this Reddit comment has seemingly verified this. That remark likewise showed that the billionaire holds Bitcoin, Ethereum, and Litecoin, which is somewhat unsurprising.
Mark Cuban owns Aave and Sushi
Long #defi pic.twitter.com/EA6ahI0IJs
— Ameer Rosic (@AmeerRosic) February 2, 2021
He likewise spoke to the more comprehensive GameStop situation, relatively showing that he is ideologically lined up with the WallStreetBets group and the DeFi area by rather of an extension.
Disclaimer: This author is an expert at ParaFi Capital. ParaFi Capital may hold positions in assets discussed in this article. The views displayed in this short article are opinions of the author– and the author just..
The post Billionaire Mark Cuban talks about Aave, SushiSwap, and DeFi appeared first on CryptoSlate.
Title: Billionaire Mark Cuban speaks about Aave, SushiSwap, and DeFi.
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