{"id":41792,"date":"2021-05-03T16:05:59","date_gmt":"2021-05-03T13:05:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=41792"},"modified":"2025-08-30T20:21:24","modified_gmt":"2025-08-30T17:21:24","slug":"mark-cuban-touts-bitcoin-ethereum-and-dogecoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mark-cuban-touts-bitcoin-ethereum-and-dogecoin\/","title":{"rendered":"Mark Cuban touts Bitcoin, Ethereum and Dogecoin"},"content":{"rendered":"<p>Billionaire Mark Cuban compared the leading cryptocurrency to gold and called both assets financial religions. In his view, Bitcoin is easier to store and trade, while \u201cgold is a hassle.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Crypto succeeds when it\u2019s a more productive implementation of it\u2019s competition. BTC\/Gold are both financial religions. BTC is easy to trade\/store\/create with no delivery issues. BTC also enables transfer of value locally and globally . Gold is a hassle. Just look at Ft Knox<\/p>\n<p>\u2014 Mark Cuban (@mcuban) <a href=\"https:\/\/twitter.com\/mcuban\/status\/1389004112654655489?ref_src=twsrc%5Etfw\">May 2, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The investor also highlighted Ethereum&#8217;s smart contracts advantages. They are better, cheaper and faster for authenticating, buying, selling and delivering digital goods than their counterparts, Cuban said.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abEthereum smart contracts for DeFi better enable depositing, saving and trading of financial instruments than banks. They are automated, trustless and near-instant<\/p>\n<\/blockquote>\n<p>\u201cEthereum smart contracts for DeFi better enable depositing, saving and trading of financial instruments than banks. They are automated, trustless and near-instant,\u201d the billionaire wrote.<\/p>\n<p>Cuban also criticised the banking system for adding cost to the same operations performed by smart contracts, and for its reliance on buildings and people.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Eth Smart Contracts for De-Fi are better at enabling depositing\/saving\/trading of financial instruments than banks. One is automated and trustless and near immediate. The other is dependent on buildings full of people who add cost and friction to the same transactions<\/p>\n<p>\u2014 Mark Cuban (@mcuban) <a href=\"https:\/\/twitter.com\/mcuban\/status\/1389004114282041351?ref_src=twsrc%5Etfw\">May 2, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the investor, the usefulness of Dogecoin as a currency grows as more companies accept it as a form of payment. Cuban is convinced that the meme digital asset can hold its purchasing power better than the US dollar.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">As long as more companies take doge for products\/services, then Doge can be a usable currency because it MAY hold its purchasing value better than a $ in your bank. If interest rates skyrocket or the amount spent falls or stagnates, so will Doge. Yes, a joke is now legit<\/p>\n<p>\u2014 Mark Cuban (@mcuban) <a href=\"https:\/\/twitter.com\/mcuban\/status\/1389004117075533827?ref_src=twsrc%5Etfw\">May 2, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier in April, Cuban <a href=\"https:\/\/u1f987.com\/en\/news\/mark-cuban-reveals-his-cryptocurrency-portfolio\">revealed his cryptocurrency portfolio<\/a>. The billionaire said he allocated 60% to Bitcoin, 30% to Ethereum, and 10% to other digital assets.<\/p>\n<p>In February, Cuban <a href=\"https:\/\/u1f987.com\/en\/news\/mark-cuban-bitcoin-is-not-a-currency-but-a-store-of-value\">called Bitcoin a store of value, not a currency<\/a>. In January, he compared the leading cryptocurrency <a href=\"https:\/\/u1f987.com\/en\/news\/mark-cuban-compares-bitcoin-to-amazon-during-the-dot-com-bubble\">to Amazon during the dot-com bubble<\/a>.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Mark Cuban compared Bitcoin to gold and called both assets financial religions. He said Bitcoin is easier to store and trade, while &#8216;gold is a hassle.&#8217;<\/p>\n","protected":false},"author":1,"featured_media":41793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,99,46,1551],"class_list":["post-41792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-dogecoin","tag-ethereum","tag-mark-cuban"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=41792"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41792\/revisions"}],"predecessor-version":[{"id":41794,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41792\/revisions\/41794"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/41793"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=41792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=41792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=41792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}