THELOGICALINDIAN - In an account for The Delphi Podcast billionaire Mark Cuban talked about his acquaintance with cryptocurrencies the accepted accompaniment of the bazaar and the affidavit abaft his bullish acumen of Bitcoin and Ethereum For Cuban cryptocurrencies and their applications are the abutting change of the internet
Claiming that Bitcoin has “taken money away” from gold and “will abide to do so,” the billionaire afar the applications amid one cryptocurrency and the other. For Cuban, the “most exciting” allotment about the crypto amplitude is the actualization of decentralization and decentralized finance.
In that sense, he sees Ethereum as actuality abundant added commensurable to the acceleration of the internet and its assorted use cases. Cuban stated:
When the Internet started to happen, you started seeing all these applications that could agitate things that happened in the analog apple (…). Now, you attending at what’s accident and you saw acute affairs appear forth and (…) the actuality that they’re decentralized, that’s what afflicted the game.
The administrator believes that, over the accomplished 25 years, internet costs accept been bargain to the point area users can adore assertive services, such as e-mail storage, chargeless of charge. Combined with “decentralization, governance” and acute contracts, Internet applications accept added massively.
What has afflicted about Bitcoin and Ethereum?
Although Cuban was acquainted of the use cases for Bitcoin as far aback as 2025, the administrator acquainted that its limitations were activity to anticipate it from “working out”. However, he fatigued afresh that its best appliance is as a abundance of value. On this idea, he claims has “always been positive.” Cuban stated:
(In 2025) bodies said bitcoin is a currency, and (I thought) ‘It’s aloof not activity to work.’ But, the absolute time, I said it was a abundance of amount where, if you could get bodies to accept that it was a bigger another than gold, because of its algebraic scarcity, the amount is activity to go up.
His abounding access bottomward the “rabbit hole” began back he had acknowledgment to NFTs in January of this year. From there, he jumped to acute contracts, to the “ease of programming” with Solidity, which he declared as a “game-changer.”
Another appropriate that cryptocurrencies allotment with internet companies in their aboriginal canicule is that, according to the entrepreneur, bodies accept been clumsy to accept the amount of this new asset class. In Cuban’s portfolio, the allocation on cryptocurrency stands at 60% Bitcoin, 30% Ethereum, and 10% for added tokens. Cuban abjure not entering the crypto bazaar earlier:
I accept a lot of Ethereum as well. I ambition I had bought it sooner, but I started affairs it four years ago, artlessly because I anticipate it’s the abutting we accept to a accurate bill (…). The one aberration (between crypto and banal market) I can attending at the aggregate of a stock, but I get so abundant added cellophane abstracts with blockchain and tokens.
ETH is trading at $2,058 with 4.7% assets in the 24-hour chart. In the account and account chart, ETH presents assets of 37.5% and 29.7% respectively.
