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Billionaire Mark Cuban thinks Ethereum is the closest thing we have to being a real currency and sees Bitcoin as a better alternative to gold.
The Shark Tank and Dallas Mavericks co-owner made the comments as a guest on a recent episode of the Delphi podcast, where he noted that the growth of DeFi and NFT had made him excited about crypto. He explained that “smart contracts and the fact that they’re decentralized” means “there’s no one in charge there, governance is completely different. That’s what changed the game. ”
In fact, he compared Ethereum’s smart contract development to the internet boom of the late 90s and early 2000s:
“When the internet started happening, you started seeing all these apps that could disrupt things that were going on in the analog world, like when we watched the streaming because I wanted to listen to University basketball. ‘Indiana, I couldn’t do it on the radio. in Dallas. “
Despite Cuban’s optimism over Ethereum, he revealed that his wallet had doubled the amount of Bitcoin to Ethereum with “60% Bitcoin, 30% Ethereum, and 10% of the rest.”
The owner of Mavs doesn’t compare Bitcoin with the internet boom because he sees it primarily as a store of value. He thinks Bitcoin is a better investment alternative to gold:
“With Bitcoin, you can make transfers. And it was awesome. To the right. And it was store value and it was awesome. It’s a better alternative to gold, which is phenomenal. He is taking silver from gold and it will continue. And that’s why I own Bitcoin, but that’s one thing, it’s not really where it compares to the internet. “
The billionaire who said I would rather have ‘bananas’ rather than Bitcoin in September 2019 has completely changed his mind since. However, he may have been more involved than these comments suggest, having tweeted in early January of this year: “I still have early crypto from Coinbase. I never sold anything.
I don’t think people realize that I’ve been trying to test and use all of this for years. I still have the crypto from the early days of coinbase. I never sold anything
– Mark Cuban (@mcuban) January 12, 2021
While Cuban did not reveal what “the rest” of his portfolio was, part of it could be Doge after investor Shark Tank predicted a scenario where Doge would hit $ 1.
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