The once-outspoken bitcoin (BTC) critic and Dallas Mavericks owner Mark Cuban appears to have started a one-man cheerleading team – for the ethereum (ETH) token. And his once hardline stance on BTC appears to have softened considerably, too.
Cuban has spoken out against BTC on many occasions in the past, but conceded that his crypto portfolio was 60% made up of bitcoin. The rest, though is mainly ETH (30%) with other tokens making up the remaining 10%, he told The Delphi Podcast.
And while he applauded BTC’s credentials as a store of value, he once again took aim at its “currency” potential, saying,
“I have a lot of ethereum as well. I wish I had bought it sooner, but I started buying it four years ago, simply because I think it’s the closest we have to a true currency.”
And while he refused to name the rest of the tokens he owned, he dismissed the coins as “fun,” adding:
Last year, he claimed that he owned just USD 130 worth of BTC and said that unless “grandmas” could be made to understand it, it would remain too “difficult” to use – adding that both BTC and gold were “terrible” investment choices.
In January, however, he revealed that he had, in fact, bought some BTC during the “early days of Coinbase.”
Last month, Cuban revealed, per CNBC, that his franchise was considering turning its tickets into non-fungible tokens (NFTs) – a factor that may well have fuelled his ETH enthusiasm.
On Reddit’s ETH sub, some expressed skepticism at Cuban’s sudden enthusiasm for the token, with one comment that garnered over 400 upvotes expressing the opinion that the Mavericks boss was “probably just shilling” ETH, and that he had “bought into it [because] it’s popular.”
Another commenter mused,