Shark Tank star and NBA team Dallas Mavericks owner Mark Cuban and the CEO of crypto trading platform Voyager gave some advice to people who are considering starting to invest in cryptocurrencies. “You don’t have to spend a lot of money to learn. It’s not like the stock market where it’s almost impossible, ”Cuban said.
How to Get Into Crypto, What Investors Should Know
The owner of the NBA team Dallas Mavericks, Mark Cuban, and the CEO of crypto platform Voyager, Steve Ehrlich, gave some advice on how to get into cryptocurrency last week during the partnership announcement between the Dallas Mavericks and Voyager.
They were asked if it was too late to get into cryptocurrency and what new crypto investors should know. Answering the question, “Is it too late to get into crypto?” Voyager CEO Steve Ehrlich responded:
It’s never too late and, actually, now is the right time. I still think it’s the first half of the first quarter on crypto adoption.
“Right now, around 220 million people have crypto and we (anticipate) a billion in four years. So that shows you where we can actually go with crypto and crypto adoption,” he elaborated.
Cuban noted:
You don’t have to spend a lot of money to learn. It’s not like the stock market where it’s almost impossible, except on a few platforms, to spend $10 and get started.
He further shared, “My now 12-year-old son got me in dogecoin when it was less than a dime. I was like ‘let’s do this’ because it’s a cheap way for him to learn how all of this works.”
The two were also asked if anyone is going into crypto for the first time, “what are the key elements [they] need to know? “
Ehrlich advised:
Enter small and just learn a little bit. Start small and I think it is always wise to start financial investments small and then build up.
He continued: “As you start learning more and understanding more, then you can start increasing from there. But I think it’s always a wise place to start.”
Cuban nodded, warning, “You are spending your money, so always be careful. But the other thing, look, there are investments. Things like shiba inu [SHIB] and dogecoin [DOGE], these are not investments.
