Mark Cuban: Cryptos aren’t currencies

Billionaire investor Mark Cuban advised against equating cryptocurrencies and traditional currencies in response to comments by NBA analyst Bill Ingram, who inexplicably found himself echoing former U.S. President Donald Trump’s anti-crypto sentiments, expressed during an interview on Tuesday. Cuban said on Twitter:

A ‘disaster waiting to happen’

In an interview with Fox Business on Tuesday, Trump called cryptocurrencies a “disaster waiting to happen” and expressed concern that they could hurt US dollar value. He said:

In response, Bill Ingram tweeted:

Cuban, who has invested in several Layer 2 scaling solutions for Ethereum (ETH/USD), begs to differ. He promotes ongoing development of smart contract platforms like Ethereum.

Cutting edge AI platform

Back in August, an AI platform backed by him closed a $16 million strategic private and restricted token sale. The platform, Althea AI, was also supported by Dapper Labs, Alameda, Gemini Frontier Fund, Multicoin, and other renowned investors.

At the moment, the platform is working on a decentralized protocol based on Open Ai’s GPT-3 deep learning engine. This protocol creates intelligent NFTs, which enable real-time interactions with users. Back in June, one of them was auctioned off for $478,800.