Mark Cuban Predicts When the Bear Market Will End
Billionaire Mark Cuban has said that moving the focus to dApps and creating them outside of finance will attract additional audience and stop the fall of the digital asset market.
According to him, the market had not yet reached “cheap” prices. He has said:
“The bear market lasts until the catalyst appears. That trigger could be dApps, or we could sink so low that people would say, “Fuck that, I’ll buy some.”
He has explained that with the diversity of NFT and DeFi-related applications, the emergence of a dApp with a focus on high-value businesses could lead to a market reversal.
He has suggested as an example the creation of a decentralized version of Quickbook, an accounting software for small businesses.