Mark Cuban posted a new crypto prediction stating that chips will become the new crypto as an asset class, generating over 1.2 million views in under a day. The billionaire has a track record of failed crypto predictions spanning over seven years, including promoting Iron Finance whose TITAN token crashed from $64 to zero, and Voyager Digital which went bankrupt despite being marketed as nearly risk free. Cuban also sold 98% of his bitcoin position at prices as low as $88,000, while BTC is currently trading around $63,000. In September 2023, he lost approximately $870,000 in a phishing attack targeting one of his MetaMask wallets.
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