{"id":468708,"date":"2022-06-29T08:56:01","date_gmt":"2022-06-29T05:56:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bear-market-will-last-until-crypto-apps-are-actually-useful-mark-cuban\/"},"modified":"2022-06-29T08:56:01","modified_gmt":"2022-06-29T05:56:01","slug":"bear-market-will-last-until-crypto-apps-are-actually-useful-mark-cuban","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bear-market-will-last-until-crypto-apps-are-actually-useful-mark-cuban\/","title":{"rendered":"# Bear market will last until crypto apps are actually useful: Mark Cuban"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28b02837e20\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28b02837e20\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bear-market-will-last-until-crypto-apps-are-actually-useful-mark-cuban\/#%E2%80%9D_Bear_market_will_last_until_crypto_apps_are_actually_useful_Mark_Cuban_%E2%80%9C\" >&#8221; Bear market will last until crypto apps are actually useful: Mark Cuban &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bear_market_will_last_until_crypto_apps_are_actually_useful_Mark_Cuban_%E2%80%9C\"><\/span>&#8221; Bear market will last until crypto apps are actually useful: Mark Cuban &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvZjIxNTQ3NzAtNjdjYy00NGEyLTg5MzUtYzQ4ZWY0ZjQyZmNjLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Mark Cuban, the billionaire entrepreneur known for his role as one of the main investors on the reality television show Shark Tank, said the crypto bear market won&#8217;t be over until there\u2019s a better focus on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications with utility.<\/p>\n<p>He also doesn\u2019t think the market has hit \u201ccheap\u201d prices yet. <\/p>\n<p>Cuban has stated in the past around 80% of his non-Shark Tank portfolio was in crypto. Appearing on a June 23 episode of the Bankless <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=QlTCftAm6cs\">Podcast<\/a>, he was asked how long he believes the current crypto bear market will last:<\/p>\n<blockquote><p>\u201cIt lasts until there&#8217;s a catalyst and that catalyst is going to be an application, or we get so low people go \u2018fuck it I&#8217;ll buy some\u2019\u201d.<\/p><\/blockquote>\n<p>He believes a better focus on applications with utility will pull crypto from its slump and with so many apps focused on financial <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> or collectibles, the launch of a business focused application would be one of such events that could spark a reversal for markets.<\/p>\n<p>Using the example of a \u201cdecentralized version of Quickbooks\u201d, a small business accounting management software, Cuban predicted a rush of users if something like that launched.<\/p>\n<p>Despite analysts predicting that Bitcoin (BTC) as well as many other cryptocurrencies have hit a price bottom, Cuban says \u201cit\u2019s not cheap yet\u201d when analyzing the high market capitalization of some projects.<\/p>\n<blockquote><p>\u201cYou look at the market caps, and you see it&#8217;s a billion dollar plus market cap or $6 billion or $8 billion or $40 billion you don&#8217;t look at that and go \u2018that&#8217;s cheap\u2019. If you remember back to DeFi summer, these things were selling for less than a penny and their market caps were in the hundreds of millions.\u201d<\/p><\/blockquote>\n<p>He adds even with lower market cap cryptos \u201cthere\u2019s no utility\u201d, and gives an example of the decentralized exchange SushiSwap (SUSHI) token as a \u201crelatively cheap\u201d buy with its $215 million market cap, but added:<\/p>\n<blockquote><p>\u201cYou get paid it if you&#8217;re a liquidity provider, but then who&#8217;s going to buy it from you? What&#8217;s the reason to buy it from you?\u201d<\/p><\/blockquote>\n<p>Cuban believes mergers between different protocols and blockchains will eventually see the crypto industry consolidate, as \u201cthat\u2019s what happens in every industry\u201d.<\/p>\n<p>\u201cI&#8217;d rather get with somebody who says \u2018let&#8217;s do a roll-up\u2019,\u201d with Cuban saying that he\u2019d support a merge of various blockchains, close others and then move applications and communities over to just one and offer a token exchange or bridge from the closing blockchains to port users over.<\/p>\n<blockquote><p>\u201cNow all of a sudden your user base is 10x, you still have a problem of better applications, you still have to have some reason people want to use that blockchain but at least you may be able to have a better community to come up with ideas because otherwise you\u2019re gone.\u201d<\/p><\/blockquote>\n<p>With the crypto space having various sub sectors such as Layer 1\u2019s, Layer 2\u2019s, NFTs and DeFi tokens, Cuban was asked which he was most optimistic on.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Mark Cuban says crypto crash highlights Warren Buffett\u2019s wisdom<\/em><\/strong><\/p>\n<p>Cuban said he was particularly interested in carbon offset DeFi tokens which he burns to offset his own personal carbon footprint. He added whilst not everyone cares about offsetting their carbon emissions, it was the \u201ceasiest way\u201d in comparison to buying carbon offsets from a broker, which he claims is \u201ca pain in the ass.\u201d<\/p>\n<p>Ultimately though, Cuban said \u201call of them have potential, that&#8217;s why they got all this money, all of them have a reason why they think they&#8217;re better and will succeed\u201d.\n<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bear-market-will-last-until-crypto-apps-are-actually-useful-mark-cuban\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bear market will last until crypto apps are actually useful: Mark Cuban &#8220; Mark Cuban, the billionaire entrepreneur known for his role as one of the main investors on the reality television show Shark Tank, said the crypto bear market won&#8217;t be over until there\u2019s a better focus on applications with utility. He also&#8230;<\/p>\n","protected":false},"author":1,"featured_media":468709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvZjIxNTQ3NzAtNjdjYy00NGEyLTg5MzUtYzQ4ZWY0ZjQyZmNjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75571,82174,74894,78168,72590,73785,75360],"class_list":["post-468708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-applications","tag-bitcoin-utility","tag-blockchain","tag-dapps","tag-mark-cuban","tag-markets","tag-podcast"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/468708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=468708"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/468708\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/468709"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=468708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=468708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=468708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}