Dallas Mavericks owner and Shark Tank star Mark Cuban says that crypto assets offer tremendous value despite arguments to the contrary by naysayers.
In a tweetstorm, Cuban starts off by saying that Bitcoin (BTC) is a superior store of value compared to gold, which requires a ton of resources to transport and keep.
“Crypto succeeds when it’s a more productive implementation of its 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.”
With regard to the second-largest cryptocurrency by market cap, Cuban highlights Ethereum’s upside potential as its utility and ecosystem mature.
“ETH smart contracts are better, cheaper, faster at authenticating/buying/selling/delivering digital items than alternatives available. This makes it a viable currency and trading mechanism for all things digital. That’s powerful and will grow as applications are added.”
According to Cuban, Ethereum smart contracts