Ethereum Has the Most Upside Potential, Says Mark Cuban

Ethereum Has the Most Upside Potential, Says Mark Cuban

The owner of the Dallas Mavericks – Mark Cuban – praised Ethereum and its native cryptocurrency as the investment option with the most upside potential. Speaking of Bitcoin, he said again that it is superior to gold.

Investors should choose ETH

In a recent one interview for CNBC, American billionaire Mark Cuban advised beginners in the cryptocurrency industry to choose Ethereum (ETH) as an investment choice. According to him, it has the greatest upside potential:

“As an investment, I think Ethereum has the biggest advantage.”

Despite argue While in the past it was easier to trade bananas than Bitcoin, Cuban now has a completely different stance on the largest cryptocurrency. He often praises it as a better financial instrument than gold, and he did it again in the last interview, saying, “Bitcoin is better than gold.”

The owner of the Dallas Mavericks also scratched the topic of Dogecoin. He said dealing with the Mem-coin could be a good way to learn how the cryptocurrency market works, calling it a “fun” investment option.

“I have never told anyone that it is a great investment, I have often said that it is a great way to understand how cryptocurrencies work and how to invest in the market,” Cuban explained last week.

It is worth noting that its NBA team accepts cryptocurrencies as a payment method for tickets and merchandise, including Dogecoin. In fact, most are fans occupy the meme coin instead of Bitcoin in these transactions as the former is “easy to spend” while the latter is a notable asset in the long run.

Mark Cuban, CNBC

Can Ethereum “Dwarf” Bitcoin?

The idea of ​​Ethereum becoming the most dominant digital asset has been circulating in the crypto space for some time. In May of this year, Cuban given his reasons why Ethereum will eventually “eclipse” Bitcoin.

The entrepreneur believes that ETH is superior to BTC because it allows many more transactions per second and is able to support smart contracts. He also noted that development efforts on the Ethereum network are surpassing those of Bitcoin:

"The number of transactions and the variety of transaction types, along with the development efforts in Ethereum, will dwarf Bitcoin. Ethereum's utilization is much higher."

Nigel Green – Founder of deVere Group – said also on topic. He said Ethereum is the most sought-after smart contract development platform, while its native token - Ether - has "higher real-world usage potential" than Bitcoin. With this in mind, Green believes that Ethereum will outperform the leading cryptocurrency in the next five years.

Featured image courtesy of Yahoo

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