Applications with utility will get crypto out of Bear market, says Mark Cuban

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In a recent discussion with the Bankless podcast, the renowned investor claimed that Bitcoin (BTC) is experiencing problems with limited utility, which is hurting its mainstream popularity.

Mark believes the current crypto bear market will last: “It lasts until there’s a catalyst and that catalyst is going to be an application, or we get so low people to go ‘fuck it I'll buy some.’”

Cuban has stated in the past around 80% of his non-Shark Tank portfolio was in crypto.