Billionaire Mark Cuban believes smart contracts, a key underlying technology within the crypto space, will have significant impact in the future.
Despite Cuban's bullish outlook on crypto, he has a sharp critique of former FTX CEO Sam Bankman-Fried.
"With FTX now — that's somebody running a company that's just dumb as f--- greedy," Cuban said while speaking at aFTX's collapse is expected to have a ripple effect throughout the crypto industry.
"With the exception of so-called stablecoins, crypto prices are supported entirely by belief in their future, not by any fundamental underpinning, such as assets or cash flow," Royal says. It's important to note that cryptocurrency is a highly volatile asset that's subject to erratic fluctuations in value. Since there's no guarantee you'll earn a profit on your investment, financial experts typically advise that you don't invest more than you're willing to potentially lose.Also on CNBC
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