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Exclusive: Buy cryptos that have utility value, says Mark Cuban

Tokens are useful for things that can’t be done without crypto such as smart contracts and buying insurance and carbon offsets, the billionaire investor said.

August 11, 2022 / 10:12 AM IST
Representative Image

Representative Image

Asserting that the price of tokens is the least important and least interesting aspect of cryptocurrencies, billionaire investor Mark Cuban advises investors to buy digital currencies with real utility value.

In an interview with Moneycontrol, Cuban said cryptocurrencies should be regulated “optionally” with the choice of a minimal listing with OTC and pink sheets.

Pink sheet, or over-the-counter (OTC) securities, refer to stocks and assets that are not listed on a major exchange and are traded through a broker-dealer network.

Token speculation