On Monday, November 21st, curious observers noticed that the billionaire crypto investor Mark Cuban started unfollowing notable crypto Twitter accounts.
Cuban, the owner of the US baseball team, Mavericks, appears to no longer want to hear from the following accounts: Uniswap, The Block, Solana, Dapper Labs, MetaMask, and, finally, DeFi Pulse.
The billionaire’s support for Elon Musk’s taking over Twitter and other similar activities has dominated most of his recent tweets. However, there were tweets about drugs, none related to cryptocurrencies, in the last week.
It is worthy of note that the entrepreneur has a sizeable crypto investment portfolio spanning over the last two years. On his website, in the blockchain category, there are about 28 crypto firms and projects listed.
Polygon, Nifty’s, DeFi Alliance, KlimaDAO, CryptoSlam, Zapper, OpenSea, Arbitrum, and Mintable are a few of the most well-known ones on this list.
Cuban And Crypto Investment
Mark Cuban appears to have changed his mind on the asset class. After investing heavily in cryptocurrency startups for nearly two years, Cuban recently stated that investing in this asset class is boring.
He went on to create a comparison between the internet and cryptography, citing how nothing spectacular seemed to happen with the internet in its early days. Cuban said crypto is boring because there is nothing new for him to see.
However, Mark Cuban is still very much interested in nonfungible tokens (NFTs), the new fast-rising sector in the crypto market. He is willing to explore the digital collectibles space to appeal to his teeming supporters.
Meanwhile, there were reports that the multibillionaire had massive exposure to the now-bankrupt Voyager Digital platform. Perhaps, he also has some decent exposure to the now-defunct crypto exchange. Hence, that might be his reason for dissociating himself from crypto.
On Friday last week, he attacked Sam Bankman-Fried, the then chief executive officer of FTX, at a conference, saying he is simply a “gimme more, gimme more” kind of person.
Last week, Cuban also claimed that his reason for crypto investment is that smart contracts may be used to create useful applications. He further said a token derives its value from the utility it creates.
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