Billionaire Mark Cuba Hit With Iron Titanium Coin Crash.

Billionaire investor Mark Cuban of Shark Tank reputation took a hit after crypto token Iron Titanium crashed to $0 after a panic sell from highs above $64 within hours.

Cuban tweeted, "I hit it like everyone else. The crazy part is that I went out and thought they were turning up TVL enough. Better than Bam."

Cuban showed his passion for it and his passion for QuickSwap by revealing his investment in Iron Titanium coin in his blog post earlier this week. “We are offering two different tokens (DAI/TITAN) so that QuikSwap can offer a swap between these two tokens.

However, after TITAN started dumping the assets held by large investors, panic sales began among smaller investors, causing the coin overrun and ruining the price. As of EST 726 PM, the token is only worth 1 cent, reports Fortune.

Cuban did not disclose the value of his investment, but he told Bloomberg that his investment was small compared to his cryptocurrency portfolio.
"But in a larger context, it's not dissimilar to the risk of angel investing. In some new industries there is a risk you take for the purpose of making money and learning.

He also added that DeFi (Decentralized Finance) is about "returns and math" and "I'm too lazy to do the math to decide what the key metrics are."

Cuban has previously invested in more than 10 blockchain startups and said he is optimistic about the future of cryptocurrencies. His crypto portfolio consists of 60% Bitcoin, 30% Ethereum and the rest of the coins. He saw bitcoin as a store of value, not money, and said it was a better alternative to gold.

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