Mark Cuban Backs Cryptocurrency Fund After Saying Bitcoin Is a Bubble
bitcoin·@ahmad8·
0.000 HBDMark Cuban Backs Cryptocurrency Fund After Saying Bitcoin Is a Bubble
<html> <p><img src="https://fortunedotcom.files.wordpress.com/2017/03/mark-cuban-presidential-run.jpg?w=720&quality=85" width="720" height="480"/></p> <p><a href="https://fortunedotcom.files.wordpress.com/2017/03/mark-cuban-presidential-run.jpg?w=720&quality=85">Image credit</a></p> <p>Mark Cuban once doubted the cryptocurrency world in a <a href="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">tweet</a>: </p> <blockquote>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</blockquote> <p>But later changed his mind with another fairly recent <a href="https://twitter.com/mcuban/status/897214565238403072">tweet</a>:</p> <blockquote>I might have to rewrite all these replacing stocks with $<strong>btc</strong>. Might have to finally buy some</blockquote> <p>The involvement of such celebrity investor and entrepreneur will warm up the digital currency world. What do you think the crypto landscape will look like after Cuban's involvement? I'll leave you with an opening quote from the <a href="http://fortune.com/2017/08/22/mark-cuban-cryptocurrency-fund-1confirmation/">original article</a>. </p> <blockquote>Despite saying Bitcoin was a bubble in early June, Cuban has backed venture capital firm 1confirmation, according to <a href="https://www.bloomberg.com/news/articles/2017-08-22/bitcoin-skeptic-mark-cuban-to-invest-in-cryptocurrency-fund">Bloomberg</a>. The firm not only has plans to invest some <a href="https://www.sec.gov/Archives/edgar/data/1714777/000171477717000001/xslFormDX01/primary_doc.xml">$20 million</a> in companies developing <a href="http://fortune.com/2017/08/22/bitcoin-ethereum-blockchain-cryptocurrency/">blockchain technologies</a>, but it also wants to invest in early stage companies before they head into an <a href="http://fortune.com/2017/03/31/initial-coin-offering/">initial coin offering</a> (ICO)—a fundraising effort in which the offering company issues tokens rather than ownership stakes.</blockquote> <p>To stay tuned on this new <strong>1confirmation fund</strong>, that's the <a href="http://www.1confirmation.com/">website</a> and that's the <a href="https://twitter.com/1confirmation">twitter</a> account.</p> <p>----</p> <p>Follow me on @ahmad8</p> </html>