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Massive Crypto Projects To See Success Soon, Mark Cuban Says

During a fresh interview with Fortune, Mark Cuban, a business magnate just said that there’s a group of cryptos that will disappear during this bear market, but others will turn out to be more than successful. Check out the latest reports below.

Mark Cuban addresses crypto projects

He stated the following about important crypto projects:

“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.’”

Despite the pretty rough market conditions, Cuban says highly innovative crypto projects as well as stocks will still break through.

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

He continued and said the following:

“Disruptive applications and technology released during a bear market, whether stocks or crypto or any business, will always find a market and succeed.”

He also made sure to point out that since crypto assets tend to be correlated with stocks, interest rate hikes by the U.S. Federal Reserve could see both investment classes struggle.

We suggest that you check out the complete interview in order to learn what more he had to say.

Crypto winter in 2022

We are in the middle of a crypto winter these days, and according to more expert voices, this will last a little longer. While a lot of people are freaking out, long-term hodlers who have been through similar events a while ago are not that worried.

Check one some interesting reports about the crypto winter in 2022.

Crypto is closer to the bottom than other assets, CoinMarketCap’s head of research said not too long ago,

Alice Liu pointed to the fact that Bitcoin has dropped in price 30% in the past week alone — with Terra’s collapse and Celsius Network’s financial woes piling pressure onto the crypto ecosystem of late.

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