In a recent interview, billionaire investor and entrepreneur Mark Cuban explains why he owns both Bitcoin and Ethereum.
Cuban is the majority owner of the Dallas Mavericks professional basketball team and one of the “sharks” on the hugely popular reality show “Shark tank” (which is broadcast on ABC TV station).
Cuban made his comments during an appearance as a guest on one episode of the “Delphi Podcast,” which was released on March 25th.
Here’s what he had to say about Bitcoin:
“They could … with Bitcoin … make transfers and that was great … and it was a store of value and that was great. It’s a better alternative to gold, which is phenomenal. It takes gold money away and it will go on. That’s why I own Bitcoin and have never sold it... “
He then talked about why he likes Ethereum:
“With Ethereum … that’s changing. It’s customizable over time, and you can see it’s going to 2.0. And you know, 1559, and all these suggestions for improving Ethereum. This is more natural, and that’s why I also have a lot of Ethereum. I wish I had bought it sooner but I started buying it four years ago simply because I think it is as close to real currency as possible …“
As for the breakdown of his crypto portfolio, he said that “I assigned 60% Bitcoin, 30% Ethereum and 10% other crypto assets (e.g. Aave)”.
According to Data from CryptoCompareETH is currently trading around $ 1,992, an increase of 2.8% over the past 24 hours.