Mark Cuban, the billionaire investor who owns the Dallas Mavericks, has always been vocal about cryptocurrencies. Recently, he voiced his opinion on a number of popular cryptocurrencies in an interview with CNBC. According to him, despite the crypto market’s skyrocketing growth in the last year, inequalities still remain between different digital currencies.
In the interview, Cuban faced numerous cryptocurrency-related questions, with one of them revolving around the best crypto token to invest in for new investors. In his answer, Cuban included Ether, Bitcoin, and Dogecoin. He recommended Ether as the best investment for new investors because of its high return potential. He also suggested that at present, there’s no other cryptocurrency than Ether that comes as close to being a true currency.
Cuban also referred to Bitcoin as “better gold than gold” due to its algorithmic scarcity. Bitcoin’s limited tokens mean that its market capitalization will always reach new heights. He also spoke at length regarding Dogecoin, suggesting that for new investors, it’s the best cryptocurrency to learn how the crypto market works. He also stated that the meme coin could be used by amateur investors for having some “fun” while learning the ropes of the crypto market. In an earlier interview, Cuban had suggested that Dogecoin could be used in acquiring goods and services.
Cuban’s insights came from his own crypto experiences. For a long time, Cuban has been investing in various cryptocurrencies such as Ether, Dogecoin, and Bitcoin. He has also put significant money into NFTs and a number of altcoins. However, Bitcoin, Dogecoin, and Ether remain the billionaire investor’s favorite crypto tokens to invest in.