Mark Cuban on blockchain: ‘It’s like the early days of the internet’ when a lot of people thought we were crazy’

Mark Cuban on blockchain: ‘It’s like the early days of the internet’ when a lot of people thought we were crazy’

Self-made billionaire Mark Cuban says new innovations and companies will come out of the pandemic, creating an "America 2.0," as he calls it.

"At the beginning of the pandemic, as awful as it's been, I talked about companies that we're going to look back [on] in 10 or 15 years that were created" during this time, Cuban told Real Vision founder and CEO Raoul Pal in an interview published Feb. 9.

And according to Cuban, investor on ABC's "Shark Tank" and owner of the Dallas Mavericks, one of those things will be the evolution of blockchain technology and the companies that follow from it.

"What we're seeing right now with this communal effort and the foundation of blockchain-type applications that people stuck at home can use to try to make money ... just changed the game 180 degrees," he said.

If you don't understand blockchain, Cuban said, "it's going to smack you down and make you bleed."

Blockchain is a decentralized digital ledger that documents transactions, like cryptocurrency, and it's development reminds Cuban of the "early days of the internet."

"It's like the early days of the internet - brand new, no one really knows what it's going to be. [There's] a lot of projections," he