Key Takeaways
- Ethereum is set to overtake bitcoin as the most valuable cryptocurrency.
- Bitcoin is a better investment than gold.
- Investing in dogecoin should be considered an educational and fun investment choice.
- Ethereum has more benefits and use cases than bitcoin.
American billionaire and owner of Dallas Mavericks, Mark Cuban, has come out to celebrate ethereum and its native coin as the most preferred crypto investment with the most growth potentials.
He also went further to affirm that bitcoin is superior to gold.
In an interview for CNBC, the American business mogul advised newbies in the crypto space to choose ethereum as a preferred investment choice.
According to him, ethereum as an investment choice has the most potential for upward growth.
Quite impressive is Cuban's current stance on cryptocurrency investment. He had previously expressed his displeasure with crypto coin bitcoin when he stated it was easier to trade bananas than bitcoin.
But he seems to have turned a new leaf as he does not miss any opportunity to celebrate bitcoin over gold.
Mark Cuban didn't just stop at Ethereum and bitcoin; he also took a peek at the topic of dogecoin.
According to him, investing in dogecoin should be considered an education process. geared towards understanding the nitty-gritty of cryptocurrencies and how the crypto market works. He even described it simply as a "fun investment choice"'.
In support of his position, his NBA club uses cryptocurrencies for transactions such as ticket and product transactions, and they also accept payments in cryptocurrencies such as dogecoin.
His fans prefer bitcoin to dogecoin for transactions because they believe the latter is easier to use while the former is better as a long-term investment due to its ability to store value.
The debate on ethereum overtaking bitcoin as the most valuable cryptocurrency has been hovering around the crypto world for a long time without any significant conclusion.
However, sometime in May, Mark Cuban decided to outline his rationale on why he thinks ethereum is set to overtake bitcoin in the future.
According to the business Mogul, ethereum will surpass bitcoin because it can perform many more transactions in a second and accommodate smart contracts.
He also opined that developers' initiative in developing Ethereum network is more than what is obtainable in Bitcoin.
Beyond that, he believes that the ethereum network has more use cases than bitcoin.
The founder of deVere Group, Nigel Green, appears to be more certain and explicit in his outlook for ethereum and bitcoin.
He believes that ethereum will not just overtake bitcoin as the biggest cryptocurrency, but that it will happen within the next half-decade.
He says that Ethereum is the most widely used smart contract development platform and that the native token, ether, has a "relatively high level of real-world viability" than bitcoin.
Do you agree with Mark Cuban and Nigel that ethereum has what it takes to become more accepted than bitcoin?
