Home News Mark Cuban and Stephen Ehrlich advise how to get into crypto

Mark Cuban and Stephen Ehrlich advise how to get into crypto

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American billionaire entrepreneur Mark Cuban and the CEO of Voyager Digital cryptocurrency broker Stephen Ehrlich shared tips for novice investors in the digital asset market.

“It’s never too late [ to join the crypto market] and, actually, now is the right time. I still think it’s the first half of the first quarter on crypto adoption,” Ehrlich said.

According to him, about 220 million people already own digital assets. Voyager CEO expects the indicator to grow to 1 billion in four years. “So that shows you where we can actually go with crypto and crypto adoption,” he explained.

Start small

“You don’t have to spend a lot of money in order to learn. It’s not like the stock market where it’s almost impossible; with the exception of a few platforms, to start with $10,” Cuban added.

Ehrlich noted that it is always better to start financial investments small, increasing their positions as they learn.

“You are spending your money, so always be careful. […] Things like Shiba Inu (SHIB) and Dogecoin (DOGE) are not investments,” Cuban warned.

The digital version of gold

At the end of October, Voyager announced the signing of a five-year partnership agreement with the Dallas Mavericks basketball club owned by the billionaire. It was made in order to raise crypto awareness among NBA fans through different fan interaction events.

Recall that previously in an interview with CNBC, Cuban urged newcomers to pay attention to Ethereum (ETH). According to him, the second most capitalized cryptocurrency “has the most prospects in terms of investments”. He still considers Bitcoin (BTC) as the digital version of gold, which is better than the physical one.

Earlier in February, Cuban bought Dogecoin for $5 for his 11-year-old son Jake and called the asset the cheapest economic educational tool that “also entertains”. At the same time, the billionaire stated “If I had to choose between buying a lottery ticket and #Dogecoin …..I would buy #Dogecoin”.

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