Mark Cuban Is Possibly Distancing Himself From Crypto
- Mark Cuban is possibly distancing himself from the crypto space and is unfollowing multiple crypto accounts like Solana (SOL), Polkadot (DOT), and others from his Twitter account.
- In a reply to a Twitter post from Will Clemente, a popular crypto and blockchain analyst, Mark Cuban stated that he is only removing the accounts that were not following his own and is only cleaning his feed.
- The billionaire was recently sued for his alleged involvement with the bankrupt crypto firm, Voyager Digital, and hence, people believe that Cuban is trying to distance himself from crypto.
Mark Cuban, one of the biggest names in the financial world and a huge backer of Polygon (MATIC), an Ethereum scaling solution that made huge gains last year, is possibly distancing himself from the crypto space after investing in some of the biggest names in the industry. The billionaire unfollowing multiple crypto accounts from his Twitter account and the community took a note.
The owner of Dallas Maverics has unfollowed some of the biggest crypto players and also the most prominent project in the space as well. These include Polkadot, Solana, MetaMask, and others. Moreover, he also followed a few crypto entrepreneurs along with many influencers in the space as well. There have been questions regarding this move by Mark Cuban but no subsequent answers.
While many believed that Mark Cuban was unfollowing only entities and people in the crypto space, some pointed out that he has indeed unfollowed other people as well. A few though that the billionaire is only cleaning his feed so that he can focus on what’s more important rather than following people and entities that doesn’t interest him.
In a reply to a Twitter post from Will Clemente, one of the biggest names in the crypto and blockchain space, Mark Cuban stated that he is only removing the accounts that were not following his own.
“Just cleaned out mostly ones that weren’t following me. Still following lots of crypto. And I cleared out a lot of non crypto accounts as well. Same reason. New twitter, new strategies to make the feed more useful,” Cuban said.
The Shark Tank personality has backed Polygon and since then, went on to support multiple projects as well. He has recently shifted his attention to Web3 space as well and invested in climate-focused crypto project KlimaDAO (KLIMA), whose native token has plunged almost 99% in the last year, which has led to many people believing it to be a sort of Ponzi scheme.
Mark Cuban was recently sued for his alleged involvement with the bankrupt crypto firm, Voyager Digital, which has now accepting bids for the sale of its assets. The 64-year-old entrepreneur was sued by The Moskowitz Law Firm for advocating Voyager’s unlicensed cryptocurrency products.
The billionaire recently posted a Twitter thread on why he has invested into the crypto space and what are his thoughts on the current market crash.
“I believe Smart Contracts will have a significant impact in creating valuable applications. I have said from day 1, the value of a token is derived from the applications that run on its platform and the utility they create,” Cuban said in a Twitter post on Nov. 13.
He went on to compare smart contracts with streaming industry which started in 1990s while smart contracts are just 5 years old.
A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.
