The Current Crisis Will Purify the Crypto Industry — Mark Cuban

Billionaire Mark Cuban is confident that the current crisis in the crypto industry will lead to its purifying, and revolutionary projects launched during the bear market “will always succeed.”

In an interview with Fortune, Mark Cuban compared traditional stocks and the cryptocurrency market, noting that companies “held on cheap, easy money but had no real commercial prospects” are in danger of disappearing.

He noted that the current situation in the cryptocurrency market will help weed out empty projects, while worthwhile crypto projects will remain in the industry.

Earlier, IoTeX CEO Raullen Chai said that the current bearish mood in the cryptocurrency market will help highlight truly strong projects.

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