Mark Cuban owns 30% ETH because it’s ‘closest to a true currency’

Billionaire Mark Cuban believes Ethereum is the closest thing we have to being a true currency and views Bitcoin as a better alternative to gold.

The Shark Tank and Dallas Mavericks co-owner made the comments as a guest on a recent episode of the Delphi Podcast, where he noted that the growth of DeFi and NFTs had made him excited about crypto. He explained that “smart contracts and the fact that they’re decentralized” means “there’s no one in charge right there, the governance is completely different. That’s what changed the game.”

In fact he compared the development of Ethereum’s smart contracts to the internet boom in the late ’90s and early 2000s:

“When the Internet started to happen, you started seeing all these applications that could disrupt things that happened in the analog world, like when we looked at streaming because I wanted to listen to Indiana University basketball, I couldn’t do it on the radio in Dallas.”

Despite Cuban’s bullishness on Ethereum, he revealed his portfolio has double the amount of Bitcoin to Ethereum with “60 percent Bitcoin, 30 percent Ethereum and 10 percent the rest.”

The Mavs owner doesn’t draw comparisons with Bitcoin to the internet boom, as he views it primarily as a store of value. He believes Bitcoin is a better investment alternative to gold:

“With Bitcoin, you could do transfers. And that was great. Right. And it was a store value and that was awesome. It’s a better alternative to gold, which is phenomenal. It’s taking money away from gold and it’s going to continue. And that’s why I own Bitcoin, but that’s one thing, that’s not really where it compares to the Internet.”

The billionaire who stated  I’d rather have bananas” than Bitcoin in September 2019, has completely changed his tune since then. However, he may have been more involved than those comments suggest, after he tweeted in early January this year that: “I still have crypto from the early days of Coinbase. I’ve never sold anything.”

While Cuban didn’t disclose what “the rest” of his portfolio was, a portion might be Doge after the Shark Tank investor forecast a scenario where Doge hits $1.

Leave a Reply

Your email address will not be published. Required fields are marked *

bitcoin
Bitcoin (BTC) $ 33,282.00 1.31%
ethereum
Ethereum (ETH) $ 1,941.69 0.65%
tether
Tether (USDT) $ 0.998182 0.74%
polkadot
Polkadot (DOT) $ 15.38 0.36%
cardano
Cardano (ADA) $ 1.21 2.92%
binance-coin
Binance Coin (BNB) $ 288.79 6.26%
xrp
XRP (XRP) $ 0.624074 7.59%
litecoin
Litecoin (LTC) $ 125.96 3.89%
chainlink
Chainlink (LINK) $ 17.81 2.19%
bitcoin-cash
Bitcoin Cash (BCH) $ 461.40 3.17%
stellar
Stellar (XLM) $ 0.250839 4.66%
usd-coin
USD Coin (USDC) $ 1.00 0.05%
dogecoin
Dogecoin (DOGE) $ 0.223071 15.25%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 33,283.00 1.47%
uniswap
Uniswap (UNI) $ 17.41 2.90%
aave
Aave (AAVE) $ 203.70 4.06%
cosmos
Cosmos (ATOM) $ 9.48 2.91%
monero
Monero (XMR) $ 213.68 1.94%
eos
EOS (EOS) $ 3.61 3.86%
bitcoin-sv
Bitcoin SV (BSV) $ 126.04 4.22%
tron
TRON (TRX) $ 0.054437 4.76%
nem
NEM (XEM) $ 0.106986 6.47%
iota
IOTA (MIOTA) $ 0.776918 9.20%
vechain
VeChain (VET) $ 0.073032 3.08%
tezos
Tezos (XTZ) $ 2.63 8.67%
theta-token
Theta Network (THETA) $ 6.62 4.86%
havven
Synthetix Network Token (SNX) $ 6.55 0.33%
avalanche-2
Avalanche (AVAX) $ 11.07 1.55%
neo
NEO (NEO) $ 32.31 3.50%
terra-luna
Terra (LUNA) $ 5.12 4.30%
dash
Dash (DASH) $ 123.67 2.00%
huobi-token
Huobi Token (HT) $ 9.87 4.01%
okb
OKB (OKB) $ 9.76 2.27%
elrond-erd-2
Elrond (EGLD) $ 63.57 3.42%
crypto-com-chain
Crypto.com Coin (CRO) $ 0.094469 4.14%
the-graph
The Graph (GRT) $ 0.569409 8.70%
compound-ether
cETH (CETH) $ 38.81 0.55%
solana
Solana (SOL) $ 29.35 7.67%
maker
Maker (MKR) $ 2,279.32 2.87%
filecoin
Filecoin (FIL) $ 56.13 11.23%
cdai
cDAI (CDAI) $ 0.021462 0.76%
dai
Dai (DAI) $ 0.997714 0.90%
ftx-token
FTX Token (FTT) $ 26.01 2.84%
celsius-degree-token
Celsius Network (CEL) $ 5.70 4.25%
sushi
Sushi (SUSHI) $ 6.91 4.64%
kusama
Kusama (KSM) $ 197.19 1.00%
compound-governance-token
Compound (COMP) $ 235.43 3.18%
zcash
Zcash (ZEC) $ 108.06 2.14%
ethereum-classic
Ethereum Classic (ETC) $ 39.54 4.25%
decred
Decred (DCR) $ 109.65 5.51%
binance-usd
Binance USD (BUSD) $ 1.00 0.24%
compound-usd-coin
cUSDC (CUSDC) $ 0.022174 0.02%
zilliqa
Zilliqa (ZIL) $ 0.072636 2.34%
uma
UMA (UMA) $ 8.79 0.00%
yearn-finance
yearn.finance (YFI) $ 30,566.00 4.03%
leo-token
LEO Token (LEO) $ 2.45 3.93%
pancakeswap-token
PancakeSwap (CAKE) $ 13.22 6.63%
waves
Waves (WAVES) $ 12.73 0.22%
near
Near (NEAR) $ 2.07 5.56%
amp-token
Amp (AMP) $ 0.061109 1.21%
0x
0x (ZRX) $ 0.622335 4.44%
huobi-btc
Huobi BTC (HBTC) $ 33,171.00 0.80%
algorand
Algorand (ALGO) $ 0.802037 2.95%
digibyte
DigiByte (DGB) $ 0.042145 3.08%
icon
ICON (ICX) $ 0.750985 3.52%
hedera-hashgraph
Hedera Hashgraph (HBAR) $ 0.176308 2.88%
nexo
NEXO (NEXO) $ 1.43 4.04%
xsushi
xSUSHI (XSUSHI) $ 7.93 5.10%
ethos
Voyager Token (VGX) $ 2.03 3.68%
loopring
Loopring (LRC) $ 0.216007 4.58%
thorchain
THORChain (RUNE) $ 5.46 0.00%
ontology
Ontology (ONT) $ 0.606103 1.28%
renbtc
renBTC (RENBTC) $ 33,184.00 1.14%
nano
Nano (NANO) $ 4.55 1.44%
basic-attention-token
Basic Attention Token (BAT) $ 0.550852 11.82%
omisego
OMG Network (OMG) $ 3.58 4.17%
republic-protocol
REN (REN) $ 0.340868 3.01%
zencash
Horizen (ZEN) $ 63.60 10.12%
bittorrent-2
BitTorrent (BTT) $ 0.002294 3.99%
swissborg
SwissBorg (CHSB) $ 0.515492 4.12%
ravencoin
Ravencoin (RVN) $ 0.052030 5.51%
iostoken
IOST (IOST) $ 0.017936 7.58%
qtum
Qtum (QTUM) $ 5.60 8.08%
paxos-standard
Paxos Standard (PAX) $ 1.00 0.07%
venus
Venus (XVS) $ 19.43 0.26%
blockstack
Stacks (STX) $ 0.622004 3.81%
matic-network
Polygon (MATIC) $ 1.15 4.19%
curve-dao-token
Curve DAO Token (CRV) $ 1.46 2.12%
siacoin
Siacoin (SC) $ 0.009951 5.69%
quant-network
Quant (QNT) $ 63.50 3.84%
bancor
Bancor Network Token (BNT) $ 3.04 1.21%
reserve-rights-token
Reserve Rights Token (RSR) $ 0.022263 0.02%
fantom
Fantom (FTM) $ 0.236963 6.40%
mdex
Mdex (MDX) $ 1.66 1.09%
enjincoin
Enjin Coin (ENJ) $ 0.983315 4.13%
energy-web-token
Energy Web Token (EWT) $ 5.94 5.65%
lisk
Lisk (LSK) $ 1.91 3.50%
ampleforth
Ampleforth (AMPL) $ 0.846693 5.72%
balancer
Balancer (BAL) $ 16.37 3.09%
terrausd
TerraUSD (UST) $ 1.00 0.29%
ocean-protocol
Ocean Protocol (OCEAN) $ 0.399680 5.00%
husd
HUSD (HUSD) $ 0.998265 0.82%
nxm
Nexus Mutual (NXM) $ 74.62 1.37%
1inch
1inch (1INCH) $ 2.56 2.20%
bitcoin-gold
Bitcoin Gold (BTG) $ 36.31 1.40%
kyber-network
Kyber Network Crystal Legacy (KNCL) $ 1.30 3.74%
verge
Verge (XVG) $ 0.021755 0.73%
decentraland
Decentraland (MANA) $ 0.475085 4.62%
alpha-finance
Alpha Finance (ALPHA) $ 0.363369 4.41%
flow
Flow (FLOW) $ 8.64 18.75%
band-protocol
Band Protocol (BAND) $ 5.17 6.30%
status
Status (SNT) $ 0.040803 2.76%
dodo
DODO (DODO) $ 0.945017 1.77%
bitcoin-cash-abc-2
Bitcoin Cash ABC (BCHA) $ 17.22 6.95%
compound-usdt
cUSDT (CUSDT) $ 0.021272 1.32%
xdce-crowd-sale
XDC Network (XDC) $ 0.058769 6.45%
staked-ether
Lido Staked Ether (STETH) $ 1,936.10 0.90%
arweave
Arweave (AR) $ 11.53 7.29%
polymath-network
Polymath Network (POLY) $ 0.124347 0.96%
safepal
SafePal (SFP) $ 0.720994 1.27%
true-usd
TrueUSD (TUSD) $ 1.00 0.09%
zkswap
ZKSwap (ZKS) $ 0.840273 5.30%
polkastarter
Polkastarter (POLS) $ 1.00 1.61%
ethlend
Aave [OLD] (LEND) $ 2.13 2.14%
helium
Helium (HNT) $ 11.95 16.51%
civic
Civic (CVC) $ 0.183120 5.95%
pundi-x
Pundi X [OLD] (NPXS) $ 0.001664 44.23%
kava
Kava.io (KAVA) $ 3.29 7.82%
golem
Golem (GLM) $ 0.219931 7.35%
harmony
Harmony (ONE) $ 0.058262 6.22%
nucypher
NuCypher (NU) $ 0.224055 0.46%
holotoken
Holo (HOT) $ 0.005731 0.86%
nusd
sUSD (SUSD) $ 1.01 0.65%
electroneum
Electroneum (ETN) $ 0.006201 0.32%
nervos-network
Nervos Network (CKB) $ 0.011989 0.15%
derivadao
DerivaDAO (DDX) $ 2.35 4.37%
district0x
district0x (DNT) $ 0.129238 0.95%
bitcoin-diamond
Bitcoin Diamond (BCD) $ 1.95 3.54%
trust-wallet-token
Trust Wallet Token (TWT) $ 0.293678 2.88%
rif-token
RSK Infrastructure Framework (RIF) $ 0.153719 8.85%
swipe
Swipe (SXP) $ 1.82 3.83%
gnosis
Gnosis (GNO) $ 145.59 1.06%
numeraire
Numeraire (NMR) $ 27.70 1.11%
rook
KeeperDAO (ROOK) $ 123.22 2.31%
kucoin-shares
KuCoin Token (KCS) $ 6.68 4.45%
btc-standard-hashrate-token
BTC Standard Hashrate Token (BTCST) $ 19.71 3.86%
aragon
Aragon (ANT) $ 3.48 1.08%
fetch-ai
Fetch.ai (FET) $ 0.201464 4.24%
litentry
Litentry (LIT) $ 2.39 4.03%
funfair
FUNToken (FUN) $ 0.016800 1.46%
chiliz
Chiliz (CHZ) $ 0.235066 1.55%
seth
sETH (SETH) $ 1,945.06 0.53%
oasis-network
Oasis Network (ROSE) $ 0.053023 6.62%
injective-protocol
Injective Protocol (INJ) $ 5.76 0.51%
vethor-token
VeThor Token (VTHO) $ 0.006164 16.35%
saffron-finance
saffron.finance (SFI) $ 284.18 0.18%
augur
Augur (REP) $ 11.37 1.58%
the-sandbox
The Sandbox (SAND) $ 0.186026 4.82%
singularitynet
SingularityNET (AGIX) $ 0.149439 4.91%
secret
Secret (SCRT) $ 0.959393 0.70%
telcoin
Telcoin (TEL) $ 0.022728 1.23%
serum
Serum (SRM) $ 2.85 2.84%
gatechain-token
GateToken (GT) $ 2.94 3.55%
mainframe
Hifi Finance (MFT) $ 0.005574 0.54%
sbtc
sBTC (SBTC) $ 33,487.00 0.65%
compound-uniswap
cUNI (CUNI) $ 0.346107 2.36%
ardor
Ardor (ARDR) $ 0.104693 1.60%
vai
Vai (VAI) $ 0.917762 0.53%
utrust
UTRUST (UTK) $ 0.212255 1.16%
prometeus
Prometeus (PROM) $ 11.39 0.03%
reddcoin
Reddcoin (RDD) $ 0.001993 5.98%
monacoin
MonaCoin (MONA) $ 1.39 2.06%
noia-network
Syntropy (NOIA) $ 0.166196 1.94%
compound-0x
c0x (CZRX) $ 0.012672 4.60%
wink
WINkLink (WIN) $ 0.000365 5.54%
ankr
Ankr (ANKR) $ 0.074153 30.49%
bytom
Bytom (BTM) $ 0.059672 0.75%
rocket-pool
Rocket Pool (RPL) $ 9.05 11.05%
origintrail
OriginTrail (TRAC) $ 0.218866 6.71%
steem
Steem (STEEM) $ 0.227937 3.89%
maidsafecoin
MaidSafeCoin (MAID) $ 0.640564 2.41%
tomochain
TomoChain (TOMO) $ 1.52 4.27%
edgeware
Edgeware (EDG) $ 0.006000 0.69%
skale
SKALE (SKL) $ 0.240002 18.30%
stratis
Stratis (STRAX) $ 1.16 2.34%
hegic
Hegic (HEGIC) $ 0.076730 3.81%
komodo
Komodo (KMD) $ 0.614700 7.37%
bitshares
BitShares (BTS) $ 0.042284 5.98%
unibright
Unibright (UBT) $ 0.987217 8.46%
coinmetro
CoinMetro (XCM) $ 0.258798 3.04%
ark
Ark (ARK) $ 0.707270 3.63%
mirror-protocol
Mirror Protocol (MIR) $ 4.82 0.50%
keep-network
Keep Network (KEEP) $ 0.262284 3.12%
neutrino
Neutrino USD (USDN) $ 1.01 0.31%
iexec-rlc
iExec RLC (RLC) $ 2.72 0.54%
harvest-finance
Harvest Finance (FARM) $ 46.65 3.86%
iotex
IoTeX (IOTX) $ 0.015514 1.81%
badger-dao
Badger DAO (BADGER) $ 8.53 3.21%
redfox-labs-2
RedFOX Labs (RFOX) $ 0.052927 14.00%
empty-set-dollar
Empty Set Dollar (ESD) $ 0.044360 26.74%
ultra
Ultra (UOS) $ 0.435212 2.30%
wanchain
Wanchain (WAN) $ 0.530045 4.21%
iris-network
IRISnet (IRIS) $ 0.066735 7.89%
perpetual-protocol
Perpetual Protocol (PERP) $ 5.02 2.44%
trustswap
Trustswap (SWAP) $ 0.736591 7.62%
tokenlon
Tokenlon (LON) $ 3.15 4.31%
orion-protocol
Orion Protocol (ORN) $ 5.72 2.71%
titanswap
TitanSwap (TITAN) $ 3.49 3.95%
tether-gold
Tether Gold (XAUT) $ 1,778.73 0.20%
wax
WAX (WAXP) $ 0.094686 1.69%
yfii-finance
DFI.money (YFII) $ 1,748.60 13.65%
aelf
aelf (ELF) $ 0.144447 7.77%
haven
Haven (XHV) $ 7.27 2.49%
pax-gold
PAX Gold (PAXG) $ 1,789.44 0.06%
defipulse-index
DeFiPulse Index (DPI) $ 232.87 0.44%
math
MATH (MATH) $ 1.19 0.92%
api3
API3 (API3) $ 2.03 3.95%
sora
Sora (XOR) $ 181.77 9.98%
dent
Dent (DENT) $ 0.002252 5.59%
loom-network
Loom Network (OLD) (LOOMOLD) $ 0.041605 9.71%
nftx
NFTX (NFTX) $ 40.85 17.64%
gala
Gala (GALA) $ 0.006454 1.50%
axie-infinity
Axie Infinity (AXS) $ 3.63 5.01%
beefy-finance
Beefy.Finance (BIFI) $ 1,152.43 0.50%
swingby
Swingby (SWINGBY) $ 0.065113 8.44%
parsiq
PARSIQ (PRQ) $ 0.559686 12.36%
akropolis
Akropolis (AKRO) $ 0.016550 3.73%
nest
Nest Protocol (NEST) $ 0.010005 0.03%
stakehound-staked-ether
StakeHound Staked Ether (STETH) $ 3,719.75 0.00%
akash-network
Akash Network (AKT) $ 2.94 8.33%
cream-2
Cream (CREAM) $ 145.94 11.09%
auto
Auto (AUTO) $ 935.68 1.15%
storj
Storj (STORJ) $ 0.646792 9.00%
e-radix
e-Radix (EXRD) $ 0.123817 7.44%
hive
Hive (HIVE) $ 0.226533 7.15%
chainx
ChainX (PCX) $ 4.01 11.26%
wrapped-nxm
Wrapped NXM (WNXM) $ 54.50 17.07%
hathor
Hathor (HTR) $ 0.332761 9.59%
gemini-dollar
Gemini Dollar (GUSD) $ 0.994013 1.18%
frontier-token
Frontier (FRONT) $ 0.544711 4.66%
everid
Everest (ID) $ 0.250406 3.87%
lto-network
LTO Network (LTO) $ 0.175985 8.05%
power-ledger
Power Ledger (POWR) $ 0.118347 2.25%
livepeer
Livepeer (LPT) $ 26.18 0.78%
xdai-stake
xDAI Stake (STAKE) $ 8.74 8.45%
rari-governance-token
Rari Governance Token (RGT) $ 4.88 15.19%
cashaa
Cashaa (CAS) $ 0.020343 3.24%
energi
Energi (NRG) $ 1.73 13.90%
bytecoin
Bytecoin (BCN) $ 0.000413 0.61%
duckdaodime
DuckDaoDime (DDIM) $ 10.68 0.69%