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Billionaire Mark Cuban has been optimistic about the future of cryptocurrencies, often comparing blockchain technology to the early days of the Internet – which led him to win billions in bets on it in the late 1990s.
“I divide my cryptocurrency wallet by 60% Bitcoin, 30% Ethereum, and 10% for the rest of the currencies,” said Cuban, who keeps the few cryptocurrencies he bought in the early days of emergence. of this type of currency.
Cuban Mark
Although Bitcoin, which appeared in 2009, is the largest cryptocurrency in terms of market value, Cuban maintains it as a store of value and not as a currency, according to what he told CNBC, and Al Arabiya .net reviewed it.
Cuban argued that Bitcoin has always been a better alternative to gold as a store of value, due to its mathematical scarcity, which always drives its price up, “that’s why I have always held it. “.
“What really changed everything was smart contracts,” Cuban said. With the emergence of the Ethereum currency, which paved the way for the creation of the so-called [التمويل اللامركزي]The game has completely changed, and the non-exchangeable tokens known as NFT “very similar to the Internet,” he said.
In cryptocurrencies, smart contracts are groups of code that execute a set of instructions using blockchain technology or blockchains.
Cuban added, with Ethereum’s ability to adapt over time to optimization processes led by developers and programmers, its capabilities as a currency are becoming increasingly effective.
He also expressed remorse for not buying the “Ethereum” currency at an early date, which he started buying only 4 years ago.
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