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August 9, 2022
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Mark Cuban: ETH is closer to being a currency than BTC –

Mark Cuban, a well-known billionaire and investor, is optimistic about the future of cryptocurrencies and often compares the current state of the blockchain technology market with the beginnings of the Internet. In the recent episode “The Delphi Podcast”He said as he split his wallet on “60% Bitcoin, 30% Ethereum and 10% others [kryptowalut]”.

Bitcoin is a store of value

Bitcoin is very attractive to Cuban, but as a store of value, not as a strict currency.

The investor recalled that in 2012 “people said Bitcoin was a currency and I was saying, “It just won’t work.” But all the time I also said that it was a means of storing value (…), it was a better alternative than gold (…) ”.

According to the well-known billionaire, Bitcoin is “A better alternative to gold, and still [nią będzie]”.

– That’s why I have Bitcoins and have never sold them yet – added.

Mark Cuban: ETH is a real currency

Cuban is also very interested in Ethereum. He says that he mainly means smart contracts that operate on the basis of this network.

– What really changed everything are smart contracts – He said. – Smart contracts emerged that led to the creation of DeFi and NFT. This is what changed the rules of the game. It got me excited. That’s why it reminds me so much [wczesny] Internet – added.

This leads him to conclude that it is worth investing in ETH.

It’s more like real life so I have a lot of Ether too – He said. – I wish I had bought it sooner but started buying four years ago simply because I believe that [ETH] is closest to real currency – added.

Cuban, unfortunately, did not mention other cryptocurrencies he owns, which represent the remaining 10% of his portfolio.

In February, he bought a small amount of Dogecoin, a meme-based cryptocurrency, for his 11-year-old son Jake. He said then that the purchase was supposed to be “fun and educational “ for his son, and at the same time help him learn more about the altcoin market.

– There are some things that [kupuję] for fun, others for experience, because I want to learn – added.

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