{"id":524,"date":"2022-05-10T18:02:20","date_gmt":"2022-05-10T18:02:20","guid":{"rendered":"https:\/\/solanacrypto.news\/2022\/05\/10\/mark-cuban-likens-crypto-adoption-to-the-internet-and-dot-com-bubbles\/"},"modified":"2022-05-10T18:02:20","modified_gmt":"2022-05-10T18:02:20","slug":"mark-cuban-likens-crypto-adoption-to-the-internet-and-dot-com-bubbles","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2022\/05\/10\/mark-cuban-likens-crypto-adoption-to-the-internet-and-dot-com-bubbles\/","title":{"rendered":"Mark Cuban likens crypto adoption to the internet and dot-com bubbles"},"content":{"rendered":"
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Mark Cuban, a billionaire investor and the owner of Dallas Mavericks, has said the next trigger for overwhelming crypto and blockchain adoption. Cuban likened the adoption journey of cryptocurrencies to that of the internet.<\/p>\n

Mark Cuban compares crypto adoption to internet adoption<\/h2>\n

Cuban was talking about the current state of the cryptocurrency market, where the prices have failed to register any significant gains. He compared the journey of the cryptocurrency space to the internet and dot.com bubble that happened in the early 2000s.<\/p>\n

The cryptocurrency market has recorded massive liquidations within the past few days. Several factors are causing the market\u2019s bearish sentiment, including the recent policy changes by the Federal Reserve<\/a>. However, according to Cuban, the market was cooling off as part of its journey towards mainstream adoption.<\/p>\n

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He noted that the crypto space was currently undergoing a similar \u201clull\u201d to the one experienced by the internet. According to Cuban, the rise of decentralized applications, non-fungible tokens and play-to-earn platforms had created a surge in demand, but the imitation phase followed when chains subsidized the movement of their applications to their different chains.<\/p>\n

\u201cWhat we have not seen is the use of Smart Contracts to improve business productivity and profitability. That will have to be the next driver. When business can use Smart Contracts to gain a competitive advantage, they will. The chains that realize this will survive, Cuban added<\/a>.<\/p>\n

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