In a recent The Delphi Podcast video, billionaire and Dallas Mavericks owner Mark Cuban revealed the distribution ratio of cryptocurrencies in his personal portfolio.
Cuban stated that he holds "60% of Bitcoin, 30% of Ethereum and 10% of other cryptocurrencies." In addition, he did not disclose the specific value of his investment portfolio.
Obviously, in his portfolio, Bitcoin holdings are twice that of Ethereum. And because Cuban previously supported Ethereum more, this distribution ratio is a bit surprising.
When he talked about Ethereum, he said: "Ethereum is the closest cryptocurrency to real currency." Regarding the value of Ethereum that he holds, he only expressed regret: "I hope I can buy it sooner, but I am from four I only started buying it years ago."
Cuban said that the recent popularity of DeFi and NFT is his biggest interest. He also compared the development of smart contracts on the Ethereum blockchain with the Internet boom in the late 1990s and early 2000s.
"What can really change everything is the smart contract," Cuban said. "The advent of smart contracts created DeFi and NFT. It changed the rules of the game. This excites me. That's why it's like the Internet."
In the previous interview between Cuban and encryption media Decrypt on March 1, Cuban insisted that Ethereum will eventually "undermine the power of large software companies" and that the "simplification of smart contracts" on Ethereum will promote this transformation.
Cuban invested in Ethereum because he believes that Ethereum is as innovative as the Internet, but the reasons for investing in Bitcoin are quite different. Cuban said that he holds Bitcoin because it is better than gold.
"With Bitcoin, money can be transferred. It is a store of value and it is excellent. It is a better alternative to gold. People's money is shifting from gold to Bitcoin, and this trend will continue. This is why I hold Bitcoin."
Cuban did not specify what the remaining cryptocurrencies (10%) in his portfolio are. But maybe we can reasonably speculate.
Part of it was mentioned by him. According to a previous report by Bitweet, in Cuban's AMA on the r/wallstreetbets sub-version of the reddit community on February 2, a user asked him which altcoins he likes. Cuban once replied that his The crypto portfolio includes Bitcoin, Ethereum, Litecoin, Aave's LEND and SushiSwap's SUSHI.
In addition to these, since he has made optimistic remarks about DeFi on various occasions before, it is likely that more DeFi tokens will be included in this 10%.
Similarly, Cuban is also very optimistic about NFT, but he may only express support by investing in the NFT platform instead of holding currency. According to previous reports, Cuban invested in the NFT trading platform Mintable on March 4, and on March 23, Cuban confirmed to the encrypted media The Block that he is building a new digital art and collectibles display platform Lazy.com.
Cuban, like Musk, also likes Dogecoin based on emojis. His Dallas Mavericks team were the first merchants to start accepting DOGE payments. He said in a press release at the time: “DOGE is very interesting, very attractive, and is expected to generate a lot of public relations.” But according to encryption media Decrypt, he seems to have only invested $10 in DOGE to teach his son about cryptocurrency. .
It is worth mentioning that at the end of the interview with encryption media Decrypt on March 1, he also expressed his views on different cryptocurrencies. At that time, his view on Tether was "question", "opposition" to Libra, "different considerations for different parts" for Binance, and "a challenge to Bitcoin and Ethereum for mining and the environment." ".
Image source: Watch Crypto; Bloomberg; Getty Images; Youtube; Twitter; YouTeam
Can u sub me please