Billionaire Mark Cuban believes many projects won’t survive this crypto crash.

June 16, 2022

Shark Tank investor Mark Cuban said that crypto companies that did not have valid projects will disappear.

“Like [Warren] Buffett says, ‘When the tide goes out, you get to see who is swimming naked,” Cuban said in an interview with Fortune.

Mark Cuban expects innovation to come out of the crypto market downturn as well.

The American billionaire had compared crypto to the early days of the internet and when people did not know the true potential of this technology.

Disruptive applications and technology released during a bear market be it stocks or crypto will always find a market and succeed.

The value of the global cryptocurrency market has dropped below $1 trillion, almost down $2 trillion from its all-time high.

Ethereum maximalist has invested in several cryptocurrencies and owns some NFTs as well.