Mark Cuban Invests in ICO After Previously Calling Bitcoin Bubble

in #bitcoin7 years ago

Tech billionaire Mark Cuban, a self-confessed Bitcoin skeptic, is planning to invest in another digital currency.

CNBC reports that Cuban is planning to participate in one of the hottest trends in the cryptocurrency world today: the ICO or initial coin offering.

Mark Cuban says:

"I want to learn more about them. I haven't signed the paperwork yet. But it's likely it will happen."

Mark Cuban to participate in ICO
According to the report, Mark Cuban is eyeing to take part in the initial coin offering of the company he already invested in, the eSports gambling startup UniKrn. Unikrn is an eSports online betting site that uses a virtual currency and is scheduled to launch in September 2017 for the sale of tokens based on Ethereum, the rival of Bitcoin.

An initial coin offering is a fundraising process for a Blockchain-based project that allows investors to own part of a project via a digital network token. Start-ups in the Blockchain community often find this method of fundraising more attractive than the venture capitalist funding because of the speed and amount they can raise.

Full Read Here https://cointelegraph.com/news/mark-cuban-invests-in-ico-after-previously-calling-bitcoin-bubble725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy80MmU4NWZkNDZmMDFmOTYwMDlkZTMwN2Y4MTBhMTE1Ni5qcGc=.jpg

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Mark Cuban hasn't had an original thought in years.

Ashton Kutcher is in on it too :p

so is nas and jayz.

Its crazy what decisions can make the biggedt effect, always trust your gut. Thanks for posting

It looks interesting. I think eSports and gaming, along with cannibis businesses, are natural fits for cryptocurrencies. These are growing areas with a lot of potential. Thanks for pointing this news out.

Mark Cuban, please go away. You got lucky in the 90's, you have no expertise in this field. Stick to losing basketball games

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