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Billionaire 'Mark Cuban' will be more optimistic about the state of cryptocurrency in 2022



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It's no secret that billionaire Mark Cuban is optimistic about the cryptocurrency market and the technology that surrounds it. This optimism will continue until 2022. Cuban said that he believes there will be new and unique cryptocurrency applications that can replace existing business processes in the next year.

"Smart contracts can change the world," he said.

1. Smart contract

Cuban's statement should come as no surprise, as he has repeatedly affirmed his belief in smart contracts. In the past, he even linked Ethereum maxi with blockchain smart contract capabilities. “I prefer [Ether over Bitcoin] because I can see an infinite number of apps that will change the world [of businesses and] consumers forever,” Cuban tweeted on Oct. 16. “And to use it, you need to buy [Ether],” Cuban added.

2. Mark Cuban's optimism

Next year, the Shark Tank investor and owner of the Dallas Mavericks believes there will be developments in the use of smart contracts. As one example, Cuban mentions the potential for monetizing carbon offsets using blockchain. In theory, carbon offsets should help balance the carbon footprint by funding environmental projects that reduce greenhouse gas emissions. But some experts have expressed deep skepticism over carbon offsets regarding their effectiveness and reliability.

3. Use of blockchain technology

Nonetheless, Cuban sees the potential for carbon offsets to be verified and monetized using blockchain applications and tokens. "I've spoken to all of my companies that can do carbon offsets and discussed whether they can start monetizing it," he said. But the idea of ​​monetizing carbon offsets using blockchain technology is still new. As with any investment, experts recommend researching it thoroughly before jumping into it. Moreover, when considering any investment in cryptocurrencies, experts warn investors of the risk of losing their entire investment.
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Cryptocurrencies
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