Cuban Sees Chips as Next Big Crypto Play

Mark Cuban, billionaire entrepreneur and owner of the NBA's Dallas Mavericks, has made a bold prediction in the world of finance. In a recent post on X (formerly Twitter), Cuban stated that 'chips as an asset class will be the new crypto.' He is referring to high-end GPUs used to power artificial intelligence.

Cuban believes that computing hardware could become an investable asset class in its own right, challenging the traditional view of chips as depreciating equipment. The rapid growth of AI has sparked this change in perspective, with some arguing that computer chips are becoming a valuable commodity due to their importance in various industries.

Cuban's prediction has been met with both enthusiasm and skepticism from the cryptocurrency community. While some see it as a legitimate opportunity, others have criticized the idea, pointing out that chip manufacturing lacks key features of cryptocurrencies like Bitcoin, such as difficulty adjustment and halving mechanisms.