Mark Cuban points out that Ethereum has many more advantages as an investment alternative

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Mark Cuban points out that Ethereum has many more advantages as an investment alternative By Angel Di Matteo @shadowargel

Cuban’s words come into play at a time when Ethereum is approaching USD $ 3,800 per unit, this amid expectations about the arrival of ETH 2.0


The billionaire investor and owner of the Los Angeles basketball team Dallas Mavericks, Mark Cuban, recently assured that he sees a greater value in Ethereum (ETH) as an investment within the great catalog of cryptocurrencies currently existing.

Ethereum as a good investment alternative

This was revealed by Cuban during an interview conducted by the CNBC, where the billionaire spoke about his investments within the cryptocurrency space and shared some suggestions with stakeholders. There he classified the second currency with the highest market capitalization as one of the best alternatives in terms of investment.

In this regard, Cuban said:

“As an investment, I think Ethereum has more advantages.”

He later ratified this position, stating that he was very sorry for not having entered the cryptocurrency market before, but that he now actively invests in cryptocurrency, for which he maintains ETH within its investment portfolio along with other digital currencies on which it also has good prospects.

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Other investment options

In addition to qualifying as a good option Ethereum And maintaining that it will have a good uptrend for the future, Cuban also included Bitcoin within the group reiterating that it was “better gold than gold itself.”

Another cryptocurrency that was also expressed favorably was Dogecoin (DOGE), the iconic coin called a memecoin by critics and enthusiasts, who point out that it has a lot of value as a starting point for all those who want to take their first steps in the cryptocurrency space. Let us bear in mind that the billionaire perceives cryptocurrency as a good educational alternative, which he used in a didactic way with his son so that he could learn more about these assets.

Contrasting Ethereum to Dogecoin, Cuban insisted that the latter works best as a mechanism to pay for products and services. In this regard, he pointed out that although Ether is the closest thing to a real currency, many people are inclined to make payments with DOGE.

The growth of Ethereum

Cuban’s comments come into play at a time when Ethereum is approaching USD $ 3,800 per unit, at the hands of great expectations on the part of investors and digital currency enthusiasts.

For performance in the last 24 hours, Ethereum it has been precisely one of the currencies with the best evolution during that period, increasing more than 7% compared to yesterday.

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As this happens, expectations are growing about the arrival of the next updates for Ethereum 2.0, new version for the network that would address scalability issues and high operating costs.

According to developers of the Ethereum FoundationIf everything goes according to plan, we could see the next implementations for the new network in late 2021 or early 2022.

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Source: CNBC, Bitcoinist

Version by Angel Di Matteo / DailyBitcoin

Image by Nicole Design for DailyBitcoin

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