Shark Tank
Bear market will last until crypto apps are actually useful: Mark Cuban
Mark Cuban, the billionaire entrepreneur known for his role as one of the main investors on the reality television show Shark Tank, said the crypto bear market won’t be over until there’s a better focus on applications with utility. He also doesn’t think the market has hit “cheap” prices yet. Cuban has stated in the past around 80% of his non-Shark Tank portfolio was in crypto. Appearing on a June 23 episode of the Bankless Podcast, he was asked how long he believes the current crypto bear market will last: “It lasts until there’s a catalyst and that catalyst is going to be an application, or we get so low people go ‘fuck it I’ll buy some.’” He believes a better focus on applications with utility will pull crypto from its slump and with so many apps focused on financial technology or...
Why Kevin O’Leary thinks NFTs could become bigger than Bitcoin
Millionaire investor and crypto proponent Kevin O’Leary thinks that the NFT sector could be worth more than Bitcoin in the future. Speaking with CNBC’s Capital Connection on Jan. 5, O’Leary — also known as Mr. Wonderful — argued that NFTs provide a greater potential to attract capital than Bitcoin due to their ability to tokenize and authenticate physical assets such as cars, watches and real estate: “You’re going to see a lot of movement in terms of doing authentication and insurance policies and real estate transfer taxes all online over the next few years, making NFTs a much bigger, more fluid market potentially than just Bitcoin alone.” Mr. Wonderful admitted however, that he is not tied to that bet and will still be investing on “both sides of that equation.” The former cr...
Justin Bieber Went on ‘Shark Tank’ to Give an Office Chair His Stamp of Approval
Justin Bieber, future Shark? On Friday (Jan. 8), the superstar made a surprise appearance on ABC’s Shark Tank to co-sign an entrepreneur’s ergonomic office chair. In the episode, CEO Bing Howenstein walked into the Shark Tank in an effort to gain funding for his company ALL33, and used a video message from Bieber to help make his pitch to Mark Cuban, Barbara Corcoran, and co. “Hey Sharks, I’m Justin Bieber and this is the ALL33; it’s the chair that moves like I do,” the pop star says in a pre-recorded clip midway through the presentation, while repping a baby blue t-shirt from his own “Drew” line. “I mean, guys, look at this perfect posture! I’ve got my chest up, my shoulders back, I’m ready for anything. If you’ve got...
