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Mark Cuban: ‘I own a lot of Ethereum because I think it’s the closest to a true currency’
Summary: Billionaire investor Mark Cuban said on a recent episode of “The Delphi Podcast.” Currently, his portfolio allocation is broken down as: “60% bitcoin, 30% Ethereum and 10% the rest.” According to Cuban, bitcoin is “a better alternative to gold, and it’s going to continue [to be],” he said. “That’s why I own bitcoin and why ...
Billionaire investor Mark Cuban said on a recent episode of “The Delphi Podcast.” Currently, his portfolio allocation is broken down as: “60% bitcoin, 30% Ethereum and 10% the rest.”
According to Cuban, bitcoin is “a better alternative to gold, and it’s going to continue [to be],” he said. “That’s why I own bitcoin and why I never sold it.”
Cuban is also very interested in Ethereum. “What really changed everything was smart contracts,” he said. “Smart contracts came along, and that created DeFi [or decentralized finance] and NFTs [or nonfungible tokens]. "
“That is more life-like, and so, I have a lot of Ethereum as well,” Cuban said. “I wish I had bought it sooner, but I started buying it four years ago, simply because I think it’s the closest we have to a true currency.”
By Amy Liu
Tags: Bitcoin,Ethereum,Mark Cuban
Link: Mark Cuban: ‘I own a lot of Ethereum because I think it’s the closest to a true currency’ [Copy]
