Dallas Mavericks owner and Shark Tank star Mark Cuban says Ethereum holds a distinct advantage over Bitcoin as a store of wealth.
In a new interview on The Unchained podcast, Cuban asserts that Ethereum’s smart contract functionality and its numerous use cases give it an edge over the top crypto asset by market cap.
“[Bitcoin and Ethereum} effectively are platforms that enable a lot to happen. But Bitcoin right now has really evolved to be primarily a store of value and it’s very difficult to use it for anything else. If you want, it’s become digital gold.
You can use it as a platform that enables other things, but it requires a whole lot more, right. It requires wrapping or doing a variety of other things and it acts more as collateral than anything else in order for it to gain additional utility.
Whereas Ethereum, you know there’s just a lot more built-in utility in its