Mark Cuban Criticizes Meme Coins as a ‘Hustle’ and Money Gamble: ‘Like a Game of Musical Chairs With Money’
Posted On December 29, 2024
Billionaire investor Mark Cuban voiced his disapproval of meme coins, referring to them as a “hustle.”
What Happened: In a recent interview, Cuban revealed his lack of enthusiasm for meme coins. Cuban likened meme coins to a game of musical chairs, where some investors reap quick profits while others witness their value evaporate instantly.
“I’m not a fan of meme coins. Obviously, it’s a hustle. There’s no there there. And so it’s just like a game of musical chairs with money. Some people make money and some people won’t,” Cuban said.
Cuban’s remarks were in reaction to the digital debut of HAWK coin in early December, initiated by …