Billionaire investor and TV personality Mark Kuban recently interviewed a recent podcast episode and discussed crypto assets for a long time. The Cuban says his portfolio of cryptocurrencies is 60% bitcoin, 30% ethereum, and the rest is dedicated to smaller cryptocurrencies.
Mark Kuban shares his crypto portfolio allocations
Mark Kuban is a well-known investor, one of the hosts at Shark Tank and the owner of the Dallas Mavericks of the National Basketball Association (NBA). For years, Cubans and some of its co-hosts from Shark Tank have been discussing cryptocurrencies and whether they are a good investment.
In the first week of February, Kubinets told stock traders that bitcoin holders were a great role model. In March, the Cuban told Peter Schiff’s gold mistake that bitcoin was better than gold. However, the Cuban was also skeptical and repeatedly criticized the crypto industry.
For example, in late 2020, the Cuban explained that bitcoin (BTC) is a store of value (SoV), but also carries a certain jealousy. “This is a stock of value like gold, which is more of a religion than a solution to any problem,” the Cuban said.
This week, the co-host of Shark Tank told the world about his distributions regarding his portfolio of cryptocurrencies and discussed ethereum (ETH) a lot. “60% bitcoin, 30% Ethereum and 10% the rest,” Kuban said when explaining his crypto portfolio in The Delphi Podcast.
The Cuban views ethereum (ETH) as a currency as opposed to bitcoin (BTC). “[In 2012] people said bitcoin was a currency, and I was like, “It’s just not going to work.” But all the time I said that this is a stock of value, where if you can make people believe that this is a better alternative than gold, due to its algorithmic deficit, the price will rise, “said Kuban during the interview. mu.
The Cuban stressed:
[Bitcoin is] a better alternative to gold and will continue [to be]. That’s why I own bitcoin and why I’ve never sold it.
The smart contracts of Ethereum, NFT and Defi changed the game
On the other hand, Ethereum, according to Cuba, is the closest crypto asset to currency. The Cuban says Ethereum’s smart contracts, defi and NFT have changed the game.
“What really changed everything was the intelligent contracts,” Kubanets insisted. “Smart contracts have emerged and this has created defi and NFT. This is what changed the game. That excites me. That is why it is very similar to the Internet, “said Kuban. He believes that Ethereum is “adaptable over time” due to the amount of open development that takes place along the chain.
The Cuban concluded:
It’s more vital and that’s why I have a lot of Ethereum. I wish I had bought it earlier, but I started buying it four years ago, simply because I think it is closest to the real currency.
As for the remaining 10% of the coins, the Cuban has not yet disclosed these crypto assets, but added that “there are no ones to participate in, apart from bitcoin and ethereum, which I consider an equivalent investment.” He also noted that he bought a coin or two just to test the technology and gain experience.
– There are some [tokens] I [buy] for fun, some do for [the] experience because I just want to learn, “Kubanets said.
What do you think of Mark Kuban’s opinion on bitcoin and etherium? Tell us what you think about this in the comments section below.
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