Mark Cuban recently stated that Bitcoin is a better alternative to gold and compared Ethereum’s smart contracts to the internet boom of the late 1990s.

 

Ethereum is a real currency

Billionaire Mark Cuban believes Ethereum is the closest thing to being a real currency and sees Bitcoin as a better alternative to gold.

Shark Tank and the Dallas Mavericks co-owner commented as a guest on the last episode of the Delphi Podcast, which he stated that the growth of DeFi and NFTs excited him about crypto. Cuban explained that management is completely different with Ethereum’s smart contracts and decentralization.

In fact, he compared the development of Ethereum’s smart contracts with the internet boom of the late 90s and early 2000s:

“When the internet started to emerge, you started to see all these applications that could disrupt the events happening in the analog world.”

Although Cuban said that Ethereum will rise, let’s note that its portfolio is “60 percent Bitcoin, 30 percent Ethereum and 10 percent others”.

Cuban does not compare Bitcoin to the internet boom as it sees it primarily as a store of value. He believes Bitcoin is a better investment alternative than gold:

“You can make transfers with Bitcoin. It is an outstanding and also a better alternative to gold. It takes money from gold and will continue. That’s why I own Bitcoin. ”

In September 2019, I would rather eat bananas than Bitcoin, ”said the billionaire, who has completely changed his mind ever since. However, earlier in January of this year, he used the following statement:

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“I have crypto money from the early days of Coinbase. I did not sell anything. ”

Although Cuban does not reveal what “the rest” of its portfolio is, it can be said that the majority of the remaining coins are Dogecoin, as the Shark Tank investor predicted a scenario where Doge reached $ 1.

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