Mark Cuban
👤 PersonAppearances Over Time
Podcast Appearances
So one difference between, look, stocks are the same way, right?
So if you look at your stock portfolio, if you have any tech stocks at all, it's gotten crushed.
Yeah, and it's gotten crushed as much as Bitcoin or Ethereum, right?
So you always have to ask yourself, is the company a good company?
Because part of the problem with the tech stocks is their valuations went too high because interest rates were so low.
And so people had nowhere else to put their money, so they put it into crypto and they put it into high-flying tech stocks and other things, right?
Right.
And when interest rates have been going up over the last few months, it's like, okay, well, I can earn 2% or 3% or 4%.
Why am I going to take the risk on crypto or on these stocks?
So I'll just yank it out.
And Amazon has fallen, what, 50%, 60%, 70%?
Netflix, 70% or 80%?
Yeah, everything has gotten destroyed.
Even Apple has gone down 30-some percent.
And so-
There's no way you can predict all of that.
It just doesn't matter who you are.
Stocks don't always just go up, even though it feels like it.
And it's the same with crypto.
But for me, with crypto, there's two types of crypto tokens.