Billionaire Mark Cuban talks about Aave, SushiSwap, and DeFi

Billionaire Mark Cuban talks about Aave, SushiSwap, and DeFi

Billionaire investor Mark Cuban has been under the microscope in the crypto space over the past few weeks as he has started to tweet more about Bitcoin, Ethereum, and now even decentralized finance tokens to his over eight million followers.

Cuban has long been asked about Bitcoin, being a prominent investor and a prominent media figure due to his involvement in projects like “Shark Tank.”

In a recent Reddit “Ask Me Anything” post, Cuban confirmed that he has been dabbling heavily in the DeFi space, doubling down on his Twitter posts on the subject.

What’s interesting is that instead of hosting the “Ask Me Anything” on the AMA Subreddit, he opted to do it on WallStreetBets, which has seen a parabolic explosion

Cuban talks about DeFi

In the Reddit post, he was asked about his current holdings in the crypto space.

Cuban responded by noting that he currently holds AAVE and SUSHI, the native coins of Aave and SushiSwap, respectively.

This confirms analysis done by on-chain trackers who noted last week that a wallet affiliated with Mark Cuban held AAVE, along with capital staked in the protocol itself. Further analysis found that another wallet in the network of Cuban held SUSHI.

While this was not explicitly Cuban, this Reddit comment has seemingly confirmed this. That comment also indicated that the billionaire holds Bitcoin, Ethereum, and Litecoin, which is somewhat unsurprising.

Mark Cuban owns Aave and Sushi

Long #defi pic.twitter.com/EA6ahI0IJs

— Ameer Rosic (@AmeerRosic) February 2, 2021

He added that he thinks DeFi is one of the industries, along with nanotechnology, green technology, and other new technology classes, that have the potential to “explode in the next 10 years.”

Cuban also imparted some more comments about the broader state of the crypto space.

He specifically pointed to the strength of Bitcoin HODLers (yes, he used the term “HODLers”), noting that the fact they had conviction in BTC allowed them to make money even if they bought the top of the 2017 rally near $20,000.

You have to learn from your trading experiences pic.twitter.com/qkKCbJ1SA2

— Mark Cuban (@mcuban) February 2, 2021

He also spoke to the broader GameStop situation, seemingly indicating that he is ideologically aligned with the WallStreetBets group and the DeFi space by somewhat of an extension.

Disclaimer: This author is an analyst at ParaFi Capital. ParaFi Capital may hold positions in assets mentioned in this article. The views displayed in this article are opinions of the author—and the author only. 

The post Billionaire Mark Cuban talks about Aave, SushiSwap, and DeFi appeared first on CryptoSlate.

Title: Billionaire Mark Cuban talks about Aave, SushiSwap, and DeFi
Sourced From: cryptoslate.com/billionaire-mark-cuban-talks-about-aave-sushiswap-and-defi/
Published Date: Wed, 03 Feb 2021 12:15:52 +0000

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Jeannine Cruz

Jeannine Cruz– Earnings I am known as Jeannine Cruz, I am a writer and an industrialist by profession. My age is 32 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about finance and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.

Leave a Reply

Your email address will not be published. Required fields are marked *

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Close Bitnami banner
Bitnami