Crypto: Mark Cuban Worries About the Merge and Heckles Metaverse Real Estate

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There arent too many billionaires in the US (under 1,000, most likely) and so when one of them shares their thoughts on cryptocurrency, people tend to pay attention.

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Its no surprise then that famous entrepreneur and Dallas Mavericks owner Mark Cuban (worth $4.7 billion, according to Forbes) attracted tens of thousands of views when he appeared on the popular YouTube channel Altcoin Daily earlier this week to talk crypto.

A crypto enthusiast who has in the past described himself as an Ethereum maximalist, Cuban is the type of investor who puts his money where his mouth is for the long haul. In a recent profile by Fortune, he quoted Warren Buffett, saying, When the tide goes out, you get to see who is swimming naked. So, wherever crypto goes (and as we know, it goes way up and way down), Cuban is sure to follow.

But, like any savvy investor, Cuban is constantly assessing the current market situation and ambitiously speculating on what could lie ahead. During his appearance on Altcoin Daily, Cuban shared deep thoughts on the current crypto situation as he sees it.

Lets review the highlights of the conversation.

On the Ethereum Merge

Ethereums anticipated shift from PoW (proof of work) to PoS (proof of stake) sometime this year was a hot topic during Cubans interview. Dubbed The Merge, the highly buzzed transition is expected to make Ethereum less environmentally destructive, as well as faster and more secure.

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Cuban has in the past championed the shift, suspecting that it will make Ethereum soar, but now hes more wary and expressed concern that the switch over could prompt a buy the rumor, sell the news hysteria, wherein assets skyrocket but dont sustain growth (and sometimes crash) after the momentum passes.

On Real Estate in the Metaverse

Metaverse real estate has sold like crazy this past year, but Cuban assuredly was not a buyer. He plainly mocked the trend, saying investments in digital plots are the dumbest (expletive) ever because, unlike physical real estate, digital real estate is inherently limitless and thus lacking in value.

Cubans Favorite Crypto

Cuban does hold Bitcoin, but hes fondest of low cap altcoins and invests in the KlimaDAO, ApeCoin, Blocto Token, Injective Protocol and Lithosphere.

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About the Author Nicole Spector is a writer, editor, and author based in Los Angeles by way of Brooklyn. Her work has appeared in Vogue, the Atlantic, Vice, and The New Yorker. She’s a frequent contributor to NBC News and Publishers Weekly. Her 2013 debut novel, “Fifty Shades of Dorian Gray” received laudatory blurbs from the likes of Fred Armisen and Ken Kalfus, and was published in the US, UK, France, and Russia though nobody knows whatever happened with the Russian edition! She has an affinity for Twitter.

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