Billionaire investor Mark Cuban is in a friendly battle with legacy finance executive Peter Mallouk over the viability of crypto assets.
Mallouk, a certified financial planner and the president of wealth management firm Creative Planning, questioned Cuban on Twitter for saying there is a chance Dogecoin (DOGE) goes up in value over the longterm.
Cuban quickly fired back, however, telling Mallouk, a longtime crypto bear, that many crypto projects will succeed due to their technological innovation.
Explains the Dallas Mavericks owner,
“Let me help you. Layer 1 and Layer 2 based chains are deterministic, programmable platforms that can be used to create applications that can increase productivity. Their ‘coins’ provide the ability for coin owners to benefit from the value created. Not all will succeed, but many will…
If you look at crypto assets whether ETH, DOGE, BTC, MKR (Maker), etc. and only see something intangible for people to trade, you haven’t really looked. If you see smart