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Al-Marsad Journal: Billionaire Mark Cuban revealed that ‘Ethereum’ cryptocurrency is better than Bitcoin, expressing optimism about the future of cryptocurrencies, which led him to make billions of bets on it at the end of the 90s of the last century.
Digital currencies
According to Al Arabiya, citing CNBC, Cuban, who keeps his few digital currencies that he bought in the early days of the emergence of this type of currency, said: “I divide my cryptocurrency wallet by 60% Bitcoin , 30% Ethereum, and 10% for the rest of the currencies. “.
Although Bitcoin, which appeared in 2009, is the largest cryptocurrency in terms of market value, Cuban maintains it as a store of value, not a currency.
Coban believes that cryptocurrency has always been a better alternative to gold as a store of value, due to its mathematical scarcity, which always drives up its price, “that’s why I always keep it.”
Ethereum Coin
“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 changed completely and the non-exchangeable tokens known as NFT “look a lot like the Internet,” he said.
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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