Billionaire investor and television personality Mark Cuban recently interviewed the latest episode of a podcast and talked at length about crypto assets. Cuban says its cryptocurrency portfolio is 60% Bitcoin, 30% Ethereum, and the rest is dedicated to smaller cryptos.
Mark Cuban shares his crypto portfolio assignments
Mark Cuban is a noted investor, a Shark Tank host, and the owner of the National Basketball Association’s (NBA) Dallas Mavericks. Cubans and some of his Shark Tank co-organizers have been debating cryptocurrencies and whether or not they are a good investment for years.
In the first week of February, Cubans told stock traders that Bitcoin holders were a great example to follow. In March, Cubans told gold beetle Peter Schiff that Bitcoin was better than gold. However, Cubans has also been skeptical and has also criticized the crypto industry on a few occasions.
For example, in late 2020, Cuban declared that Bitcoin (BTC) was a store of value (SoV) but also brought a certain amount of zeal with it. “It’s a store of value like gold that is more religion than a solution to any problem,” Cuban said.
This week, the Shark Tank co-host shared his allotments with the world in relation to his cryptocurrency portfolio and discussed quite a bit about Ethereum (ETH). “60% Bitcoin, 30% Ethereum and 10% the rest,” emphasized Cuban when he explained his crypto portfolio in “The Delphi Podcast”.
Cubans consider Ethereum (ETH) as a currency as opposed to Bitcoin (BTC). “[In 2012] People said Bitcoin was a currency and I thought, ‘It’s just not going to work.’ But all along I have been saying that it is a store of value that will rise in price if you lead people to believe that it is a better alternative than gold because of its algorithmic scarcity, ”Cuban said during his interview.
[Bitcoin is] a better alternative to gold and it will go on [to be]. That’s why I own Bitcoin and have never sold it.
Ethereum’s smart contracts, NFTs and Defi have changed the game
Ethereum, on the other hand, is, in Kuban’s opinion, the crypto asset that comes closest to a currency. Cuban says that Ethereum’s smart contracts, defi and NFTs were groundbreaking.
“What really changed everything were smart contracts,” emphasized Cuban. “Smart contracts came along and that created Defi and NFTs. That changed the game. That got me excited. That’s why it’s very similar to the Internet, ”explained Cuban. He believes that Ethereum is “adaptable over time” because of the open development in the chain.
It’s more lifelike, and that’s how I have a lot of Ethereum too. I wish I had bought it sooner, but I started buying it four years ago simply because I think it is the closest thing to real currency.
As for the other 10% of the coins, Cuban has not yet disclosed these crypto assets, but added that “there are none other than Bitcoin and Ethereum that I consider an investment of equal value.” He also noted that he has one or two Bought coins just to test the technology and gain experience.
“There are a few [tokens] I [buy] for fun, some i do for [the] Experience because I just want to learn, ”said Cuban.
What do you think of Mark Cuban’s opinion on Bitcoin and Ethereum? Let us know what you think on this matter in the comments below.
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