Thursday, July 25, 2024

Bitcoin is better than gold: Mark Cuban

Shark tank fame billionaire investor Mark Cuban has recently spoken out at length about cryptocurrencies. Cuban is well-known across the United States for being the owner of Dallas Mavericks, a successful NBA club. While speaking about cryptocurrency to CNBC, Mark Cuban said that he feels Ethereum coins are the best choice for new investors.

However, he did not forget to mention that not all crypto coins are the same. While there has been a general improvement in the cryptocurrency industry over the last year, it still does not mean that every crypto asset has equal value. When asked about his top picks, he named Bitcoin, Ethereum, and Dogecoin.

Mark Cuban added that he feels Bitcoin has more potential than gold as an investment tool. He said that this is because of the phenomenon of ‘algorithmic scarcity’. However, he soon added that as an investment vehicle, he prefers Ether to Bitcoin. He even called Ether the ‘closest’ thing to a perfect currency.

In the course of the conversation, he was also asked to give his opinions on the meme coin craze. While talking about meme coins, he made a unique case for Dogecoin. He added that it has the capability of practical application in getting services and products. Dogecoin recently became a part of the top ten cryptocurrencies in the world. Mark Cuban also revealed information about his personal investments. He claims to have invested in NFTs, Dogecoin, Ether, and a bunch of blockchain firms. The interview revealed a lot about Cuban’s personal and professional views on cryptocurrency.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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