Mark Cuban is a well-known entrepreneur, investor, and owner of the NBA’s Dallas Mavericks. Recently he has been making headlines for his views on Bitcoin. In an interview with Bloomberg TV earlier this week, Cuban said that he would like to see the price of Bitcoin go down so that he could buy more.
Cuban believes in the potential of cryptocurrencies as a store of value but thinks they are still too volatile for him to invest heavily in them right now. He noted that while it’s easy to get caught up in all the hype around cryptocurrency prices going up and down quickly, investors need to remember what really matters – fundamentals such as technology development progress and adoption rate by businesses or consumers over time.
In addition to expressing his desire for lower bitcoin prices so that he can buy more coins at discounted rates, Cuban also shared some advice about investing in general: “Be careful about timing your investments because if you miss out on something big then you might regret it later.” He went on further saying “If there’s one thing I’ve learned from my experience with tech startups – don’t be afraid of missing out! You’ll have plenty other opportunities ahead”.
Overall Mark Cuban seems bullish on cryptocurrencies long term but wants people not only look at current market conditions when considering their investments decisions but also take into account underlying fundamentals which will determine future success or failure.. This is sound advice coming from someone who has had tremendous success investing early stage companies like Uber & Twitter!
