Mark Cuban, an American entrepreneur and investor, owner of the NBA’s Dallas Mavericks and cryptocurrency enthusiast, told Forbes that his tech stocks had performed “worse” than his cryptocurrencies.
Earlier this year, the American billionaire businessman and investor spoke about his cryptocurrency investments.
During an interview on the channel Crypto Banter, On the YouTube platform, Mark Cuban revealed that he owns “a lot” of Ethereum (ETH) and Polygon (MATIC), two large blockchain projects in which he sees great utility.
In the interview, Cuban also revealed that he owns some Dogecoin (DOGE), a cryptocurrency that he has defended alongside tycoon Elon Musk and that is available for payment in the sports team's online store, but which he does not recommend as the best investment in the world due to its high volatility.
However, these are the cryptocurrency investments that the businessman holds and that have given him more returns than the same technology stocks.
Mark Cuban is one of the many billionaires in the world, who are part of the annual Forbes list and who are betting on cryptocurrencies as investment assets and/or reserves of value.
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According to Forbes, although Warren Buffett, Jamie Dimon and Bill Gates remain skeptical of cryptocurrencies, many other investors are opening up to the opportunities that assets such as Bitcoin and Ethereum can offer.
The American magazine, specialized in the world of finance and business, published an article on the growing importance that cryptocurrencies are acquiring among billionaires around the world.
30% of billionaires invest in cryptocurrencies
“The rate of cryptocurrency adoption by billionaires is almost double the average”, is the title of a recent study conducted by Forbes, which analyzes the adoption of cryptoassets among the world's super-rich.
While some of the richest men on the planet resist crypto innovation, a growing number are interested in digital assets.
The magazine conducted a survey of 65 billionaires to find out the rate of cryptocurrency adoption among them. The results of the survey revealed that 30% of respondents have invested or have direct or indirect investments in cryptocurrencies. Of these, a 18% declared having at least 1% of their fortune invested in cryptocurrencies, while only one 3,2% said they had more than half of their total capital in these assets digital.
According to Forbes, survey figures reveal that The adoption rate of cryptocurrencies among billionaires is higher than the adoption rate among professional and retail investors, which ranges between 16% and 20%, respectively, according to previous research studies conducted by the Pew Research Center and the National Broadcasting Company's NBC News.
In April this year, Forbes had revealed that the number of billionaires in the world had risen to 2.668 people who amass fortunes worth ten figures or more.
Several of the crypto world's most prominent figures, including Michael Saylor, Sam Bankman-Fried, Brian Armstrong, Fred Ehrsam, Changpeng Zhao and the Winklevoss brothers, are part of Forbes' annual billionaires list.
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