Tuesday, April 16, 2024

Mark Cuban spoke about the benefits of Bitcoin, Ethereum and Dogecoin


Billionaire Mark Cuban compared the first cryptocurrency to gold and called both assets financial religions. According to him, bitcoin is easier to store and trade, and “gold is a problem.”

The investor also spoke about the benefits of Ethereum smart contracts. They are better, cheaper and faster at authenticating, buying, selling and shipping digital products than their counterparts, Cuban added.

“Ethereum smart contracts for DeFi are better than banks for depositing, accumulating and trading financial instruments. They are automated, trustless and almost instantaneous, ”wrote the billionaire.

Cuban also criticized the banking system for adding value to the same operations that smart contracts do and reliance on buildings and people.

According to the investor, the usefulness of Dogecoin as a currency is growing as companies add it as a payment method. Cuban is confident that the digital meme asset is able to retain purchasing power better than the US dollar.

Let’s remember, at the beginning of April, Cuban revealed its cryptocurrency portfolio… The billionaire said he concentrated 60% on Bitcoin, 30% on Ethereum and 10% on other digital assets.

In Cuban February called bitcoin “store of value, not currency”… In January, he compared the first cryptocurrency. Amazon’s dot-com bubble.

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Ebenezer Robbins
Ebenezer Robbins
Introvert. Beer guru. Communicator. Travel fanatic. Web advocate. Certified alcohol geek. Tv buff. Subtly charming internet aficionado.

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