Mark Cuban holds “a lot of ETH” in his crypto portfolio
2 min readTL;DR Breakdown:
- Mark Cuban is holding about 90 percent of his crypto portfolio in BTC and Ether.
- He believes that ETH is the closest to true currency.
American billionaire entrepreneur, Mark Cuba, is notably one of the big-name digital currency believers and investors. While a sizable percentage of his cryptocurrency portfolio is allocated to BTC (BTC), he admitted to owning a lot of the second-largest crypto Ether (ETH), which according to him, is “the closest to a true currency.” He revealed this during a recent episode of “The Delphi Podcast.”
Mark Cuban holds 60% in BTC, 30% in ETH
The billionaire disclosed that 60 percent of his cryptocurrency holdings are in BTC, while as much as 30 percent are held in Ether. The remaining 10 percent covers other digital currencies. Mark Cuban opined that the capabilities of the ETH blockchain are improvable; hence, it’s “adaptable over time.”
“I wish I had bought it sooner, but I started buying it four years ago, simply because I think it’s the closest we have to a true currency,” he added.
For BTC, Cuban doesn’t welcome the idea that the leading cryptocurrency is better off as a currency. Instead, he sees BTC more as a better store of value. “People said BTC is a currency, and I’m like, ‘It’s just not going to work.’”
Mark Cuban sees BTC as a better alternative to gold. This is the more reason why he hasn’t sold of his BTC position.
Billionaires bought Dogecoin for their kids
Mark Cuban didn’t specify what other cryptocurrencies made of the remaining 10 percent of his crypto portfolio. However, he recently purchased some Dogecoin (DOGE) for his son, which he said was just for fun and educational purposes. In a similar development, the billionaire founder of SpaceX and Tesla, Elon Musk, also bought some of the meme cryptocurrency for his kid.
Could it be Dogecoin is now the billionaires’ favorite fun coin?
