CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$23,575.00
  • ethereum
    ETH$1,742.79
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Crypto Fund
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Mark Cuban Explains Which Crypto Businesses Will Dissappear During the Bear Market

    Mark Cuban Explains Which Crypto Businesses Will Dissappear During the Bear Market

    Author: Chayanika Deka

    Last Updated Jun 16, 2022 @ 15:03

    Mark Cuban expects to see tougher days for crypto as some of the projects might cease existing.

    Investors are increasingly concerned about the spillover effect in case of a potential collapse of the lending platform, Celsius. Weighing on the struggling ecosystem, the “Shark Tank” star argued that more companies built on hype and lack of valid prospects will disappear.

    More Losses Incoming

    In an interview with Fortune, Cuban predicted another possible shake-out in not just stocks but also the crypto market. The Dallas Mavericks owner believes many companies would not survive this crash.

    “In stocks and crypto, you will see companies that were sustained by cheap, easy money—but didn’t have valid business prospects – will disappear. Like [Warren] Buffett says, ‘When the tide goes out, you get to see who is swimming naked.’”

    Mark_Cuban
    Mark Cuban. Source: CNBC

    The cryptocurrency market increasingly moving in sync with tech stocks proved costly for investors. The subsequent Terra implosion further fueled the prevailing fears in the crypto space.

    A liquidity crisis at Celsius has investors worried about a broader contagion. Rumors about financial stress about Singapore-based hedge fund Three Arrows Capital, facing possible insolvency, have further dented the sentiment.

    Hope?

    Despite the extreme pessimism in the industry brought about the two high-flying companies on the brink of a crash in the bear market, the tech billionaire believes that disruptive applications and innovations released during this time will always find a market and succeed.

    ADVERTISEMENT

    This year, Bitcoin acted less as an inflation hedge as the correlation between the Nasdaq 100 and the crypto reached near all-time highs. Cuban said tech stocks and crypto continue to face pressure until the current rush of rate hikes is priced in but asserted that “game-changing applications” would flee that stress.

    “If rates go up, it will struggle till it’s priced in. The exception, as with stocks, is for new, game-changing applications.”

    The crypto industry saw massive job cuts in recent times. Coinbase, Crypto.com, and BlockFi shook things up after announcing lay-offs. On the brighter side, exchanges such as Binance, Kraken, and layer 2 sidechain Polygon are looking to increase their headcount with new hires.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • MarkCuban
      Mark Cuban Sees Similarities in Current Crypto Market and DotCom Bubble
    • Mark_Cuban
      This is Why Mark Cuban is 'Very Bullish' on Ethereum 2.0
    • Brad Garlinghouse.
      Ripple CEO: This Downturn Shall Pass Too
    Tags: Mark Cuban
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Chayanika Deka
    More posts by this author

    Chayanika has been working as a financial journalist for three years. A graduate in Political Science and Journalism, her interest lies in regulatory implications with a focus on technological evolution in the crypto realm. Contact:Linkedin

  • bitcoin
    BTC$23,575.00
  • ethereum
    ETH$1,742.79
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Users in Web3 Will Do a lot More Than Just Trade Crypto: Cronos’ Ken Timsit (Interview)

    Users in Web3 Will Do a lot More Than Just Trade Crypto: Cronos’ Ken Timsit (Interview)

    Institutions Are Starting to Buy Back: Interview with Nansen

    Institutions Are Starting to Buy Back: Interview with Nansen

    Top 5 Most Common Scams Related to Ethereum 2.0

    Top 5 Most Common Scams Related to Ethereum 2.0

    What is the Merge? What You Need to Know About the Transition to Ethereum 2.0

    What is the Merge? What You Need to Know About the Transition to Ethereum 2.0

    These are the Bear Market Benefits, and the Future of NFTs: DappRadar CEO (Interview)

    These are the Bear Market Benefits, and the Future of NFTs: DappRadar CEO (Interview)

    5 Common Mistakes to Avoid During a Crypto Bear Market

    5 Common Mistakes to Avoid During a Crypto Bear Market

    The Cardano Roadmap Eras Explained: Byron, Shelley, Goguen, Basho, and Voltaire

    The Cardano Roadmap Eras Explained: Byron, Shelley, Goguen, Basho, and Voltaire

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!