In an interview with Raoul Pal, the founder and CEO of Real Vision, American businessman Mark Cuban expressed among so many comments that if you don’t understand Blockchain, it will hit you and make you bleed.
Certainly, Mark Cuban said that the way Americans make money is changing, and it starts with Blockchain.
«This is America 2.0, this is money 2.0. I am not referring to money in currency, I am referring to being able to earn money digitally, everything has changed. The only thing we don’t know is who will be the ‘Amazon’ and who will be Pets.com».
Who is Mark Cuban?
He is an American businessman, investor, owner of the NBA’s Dallas Mavericks. Also, owner of Landmark and Magnolia Pictures cinemas. In addition, he is a judge on “The Shark Tank.”
Certainly, the entrepreneur entered the world of “digital gold” due to a partnership between the Dallas Mavericks and Bitcoin processor BitPay.
“Now we are taking Bitcoin, please go buy everything in Bitcoin.”
Bitcoin is «America 2.0»
«We see that companies move towards the Internet. We see that more people work at home. It is up to entrepreneurs to find solutions to these problems. That to me is America 2.0».
Mark Cuban, expresses that new innovations and companies will emerge from the pandemic that will create an “America 2.0”, as he calls it.
«At the beginning of the pandemic, as terrible as it was. I talked about the companies that we are going to look back at in 10 or 15 years that were created during this time».
Very important: “One of those things will be the evolution of Blockchain technology. And the companies that follow».
Likewise: “What we are seeing at the moment, with this community effort and the basis of Blockchain-type applications. That people trapped at home can use to try to make money. It just changed the game 180 degrees».
Emphasizing: «If you don’t understand Blockchain, it will hit you and make you bleed».
Blockchain and the early days of the Internet
In this regard, Cuban said: «Blockchain documents transactions. And its development reminds me of the early days of the internet».
“It’s like the early days of the internet: new, no one really knows what it’s going to be. Indeed, there are many projections.
For example, “When we were starting AudioNet, which became Broadcast.com, I can’t tell you how many times they all said, Broadcast over the Internet? No chance. I don’t need this internet craze to do this. Many people thought we were crazy».
In fact, Mark Cuban pointed out that Blockchain and Internet companies, like his Broadcast.com, have similarities. «Has the same feel of the early days of the internet».
Therefore, “There’s a long way to go, and there will be a lot of companies that don’t work, but you will get some winners!»
The evolution of digital goods
Indeed, Mark Cuban indicated that the evolution of Blockchain and digital goods are the future of business.
By the way, Cuban himself has auctioned digital products online. «I put up for sale some videos that the Mavs had made».
Finally, although Mark Cuban is not sure how long it will take, or which companies will dominate the Blockchain. He’s sure that “the disruptors will win. We just don’t know which or exactly how they will win, but they will win».
I say goodbye with this phrase from Mark Cuban: «My dad always said that you don’t live in the world you were born into. And that will never change».