Billionaire investor Mark Cuban shared his views on the future of cryptocurrencies and blockchain technology in a discussion with former SEC official John Reed Stark on Twitter.

Cuban underlined that although the cryptocurrency industry has faced significant losses, the surviving victors will inevitably transform the landscape, as is characteristic of technological advances.
“99 percent of tokens are doomed to bankruptcy”
Cuban made the bold prediction that an overwhelming 99 percent of tokens would face bankruptcy, drawing comparisons with the fate of emerging internet and start-up startups.
The billionaire suggested that the cryptocurrency industry could suffer significant losses, but the remaining winners would be game-changing, as is the nature of technology.
Cuban criticized the SEC, stating that its mission should be to protect investors while providing funding and support to start-ups. He called on Congress to replace existing exemptions and provide more clear registration processes and viable ways for cryptocurrency exchanges.
This heated discussion came in response to a tweet by Stark skeptical about the scalability, efficiency, and security of blockchain technology. While raising concerns about the flawed nature of smart contracts and the lack of compensation mechanisms, Stark compared it to the regulatory oversight and consumer protections offered by financial intermediaries.
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