Wednesday, December 8, 2021

Billionaire Mark Cuban: Ethereum (ETH) Has the Most Upside Potential for Investment

Mark Cuban, the billionaire owner of the professional basketball team Dallas Mavericks, has shared his thought on cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).

In a recent interview with CNBC’s “Make It”, Cuban pointed out that Ethereum (ETH), the second-largest cryptocurrency by market cap, is the altcoin with the most upside potential for investment.

Read Also: Vitalik Buterin Stresses Major Difference between Ethereum (ETH) and Bitcoin (BTC)

Mark Cuban said:

“As an investment, I think Ethereum has the most upside.”

The billionaire made this known after he was asked about what digital asset he could recommend for new investors in the crypto industry.

Dallas Mavericks owner also told CNBC that Bitcoin was a “better gold than gold.”

Read Also: Over 500,000 ETH Have Now Been Burned on the Ethereum Blockchain

Cuban went further to urge new investors to study the history of the crypto created out of meme, Dogecoin (DOGE), which he sees as an example of how the active social communities in the industry could drive prices and impact the market. He thereby recommended Dogecoin (DOGE) for fun.

In the report released by CNBC, it’s revealed that the billionaire has an extensive crypto portfolio, such as investments in Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), among other altcoins, non-fungible tokens (NFTs), and blockchain-powered companies.

Back in July, during an interview with CNBC’s “Make It”, a fellow investor based in Canada, Kevin O’Leary, also known as Mr. Wonderful said:

I think there’s a difference between Dogecoin and let’s say USDC or Bitcoin or Ethereum or Solana… Within my own team, we have done a deep dive into crypto and we see value there in certain aspects of that market.

Read Also: Former U.S. Treasurer Praises XRP, Says Bitcoin, Ethereum, Other Cryptos Are Speculative

“We’ve increased our weighting to almost 10% of our book of our operating company into various cryptocurrencies, including USDC, Bitcoin, Ethereum, as I mentioned.


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Solomon Odunayo
Solomon Odunayo is a cryptocurrency journalist with over 3 years of experience in the crypto industry. He's sternly interested in covering developments of emerging and established blockchain projects.

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