Mark Cuban is kind of fascinating because he'll say some very reasonable and astute things and then he'll bounce off the wall with one of the most "charlie brown had hoes" posts you've ever seen.
Reposted from
Mark Cuban
Young men don't open bank accounts. They are too expensive. They download coin base or Robinhood app and buy crypto. That's their savings
If one party pushes that number higher. They vote for em. Gensler/Biden caused those savings to go down. The demo with the biggest change was young men
If one party pushes that number higher. They vote for em. Gensler/Biden caused those savings to go down. The demo with the biggest change was young men
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Seems like a bad idea to me, and is really just a roundabout way of banking. It's dumb, but in theory possible for someone to only use that
2. This isn't an actual trend, it's a VC fantasy. There isn't a vote to chase here.
it's provably false and easily referenceable.
https://usafacts.org/articles/who-is-unbanked-in-the-us/
Common problems are low income, healthcare, and expensive housing. 99.9% won’t have any crypto.
I don’t think he does that
Crypto isn't 'savings'. It's not even 'currency'.
BTW, crypto isn't, strictly, "investing"...
Selling out seems to be the defacto mode these days. No one cares about conflicts of interest anymore.
He seems like a pretty good dude but he probably has more in common with Larry Ellison than anyone reading his posts here.
Even the biggest believer concedes there are many scammers and fools in the business, much crookedness, but in their particular corner of it all, it makes sense, and the wealth you store up on earth Stays stored up.
Same with bonds etc come to think.