In March, O Leary announced that he allocated 3% of his portfolio to bitcoin, though he has owned the cryptocurrency, along with ether and a few other digital coins, since 2017. He made this move after Canada and a few other countries regulators eased restrictions on institutional buying of the cryptocurrency, he says. Now, bitcoin hitting new highs almost every week is proving that there are interests being brought out of all kinds of institutions now trying to figure out: Is it a currency? Is it an asset? Is a property? O Leary says. . That gives you an idea of the institutional and individual interest. (While bitcoin has continued to hit new highs, the cryptocurrency is volatile, so it also can plunge to lows rather quickly.)
Shark Tank s Mark Cuban Says Ethereum Is Closest Crypto We Have to a True Currency – Bitcoin News
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TheStreet Crypto: Ethereum Price Reaches New All-Time High Over $2,100 - TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more
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Mark Cuban owns 30% ETH because itâs âclosest to a true currencyâ Mark Cuban recently stated that Bitcoin is a better alternative to gold, and compared Ethereum s smart contracts to the internet boom of the late 1990s. 6161 Total views News
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 âsmart 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.â