billionaire investor Mark Cuban Some argue that the token price is the least important and least interesting factor in cryptocurrencies, such as buying a digital currency that has real utility value.
He also said in an interview with Benzinga that regulation of cryptocurrencies should be “optional,” with possible limited listings as over-the-counter (OTC) and pink sheets.
A pink sheet listed company is one that is not listed on a major exchange such as the New York Stock Exchange (NYSE) or NASDAQ.
Stocks listed on the Pink Sheet are traded over the counter. In other words, stocks are traded through a broker-dealer network.
Token price speculation too high
“I don’t think anyone should speculate about tokens. Setup is the most interesting and least important aspect of cryptocurrencies,” said the billionaire owner of the Dallas Mavericks.
“Being able to do things you can’t do without crypto like smart contract enabled apps like DeFi and NFTs, carbon offsets and insurance and hopefully buying impactful apps in the future is what makes tokens important,” he said. added.
Cuba Seeks Crypto Regulation Under CFTC
Crypto enthusiasts have also called for voluntary regulation of digital currencies, ideally by the Commodity Futures Trading Commission (CFTC).
“There are tens of thousands of stocks with options to register on the NYSE or NASDAQ or have minimal listings on the OTC and Pink Sheets. We need to make the same options available for tokens,” Cuban said. I’m here.
In response to a question about his views on the future of the Metaverse, Cuban said buying assets in the Metaverse is the “biggest mistake” anyone can make. There was no metaverse standard to follow.
“This means it is relatively cheap to create an unlimited number of parcels across an unlimited number of metaverses across an unlimited number of blockchains,” he said.
Current Market Rally Fueled by Ethereum Merger Hopes
ethereum Ethereum/USD will transition from an energy-intensive proof-of-work consensus to a more energy-efficient proof-of-stake mechanism known as the Ethereum Merge the week of September 19. Event.
Cuban said one possible explanation for the recent rise in the cryptocurrency market is expectations regarding an Ethereum merge.
“In a momentum-driven market, people are looking for many reasons to buy.
Ethereum Price More Than Doubles From Mid-June Lows
especially cryptocurrency prices Bitcoin Bitcoin/USD When ethereum Ethereum/USDafter falling as much as 75% from its all-time high in November 2021, recovered significantly in July.
Bitcoin and Ethereum are up 36% and 102% respectively from their mid-June lows.
Photo: Cathy Hutchins via Shutterstock
