You might not be aware of the thing that some of the people also call Ethereum as a silver for the bitcoin’s gold. This is because it operated on the same blockchain technology as bitcoin, but the thing is that it is faster than bitcoin, and the analysts are saying that it has the potential of doing more. The billionaire investor, as well as the entrepreneur Mark Cuban, has said that the price of Ethereum has the chance of blowing up even more. He further added that the business applications are also going to be built on the Ethereum smart contracts, starting to happen.
Mark Cuban Support to ETH
These words of Cuban came when he was replying to a tweet done by the block’s director of news, Frank Chaparro. He claimed that when the value of the cryptocurrency Ethereum first surpasses the record of 3000 dollars, then he asked the traders of the OTC desks that whether they believe in the fact that his rally will keep ongoing.
So, in response to this tweet, the billionaire replied that when the business allocations are built on the network of Ethereum and its smart contracts, then every company will become Ethereum literate, and it will be a game-changer.
When Cuban was asked that whether the blockchain that are supporting the smart contracts could also expect the business applications that are built on top of them, then the Cuban replied that it becomes hard to keep up with the various option. There are limited hedging techniques for the others.
He also pointed out that the layer two scaling solutions also play a very important role in it. There is no doubt that the price of Ethereum is rising, positively and it has the worthiness to be noticed. Ethereum has constantly been outperforming bitcoin too. In the last 30 days, you might have got to hear that the price of bitcoin was dropped by 6% nearly and the Ethereum was up then 89% of its value.
Mark Cuban Holds ETH
As per the reports of CryptoGlobe, the Cuban have revealed in the last month that he has so many Ethereum’s, and he wished that he could have bought them earlier. In a recent interview, he has also been seeing saying that he started to buy the cryptocurrency in the last four years because he thinks that the cryptocurrency is now as close to the true currency which we hold.
Cuban, who has been supporting Ethereum, has also explained to the traders of cryptocurrency in the last month that why they should invest in Ethereum rather than investing in bitcoin. Well, both of this cryptocurrency both have the potential of enabling a lot of things to happen. But still, the bitcoin currently has really evolved to be the best cryptocurrency for storing value, and it is quite difficult to use the bitcoin for doing any kind of other tasks. If you want to buy bitcoin, then it can be like the digital gild in which you can store the value. You can easily buy Ethereum and trade it through Bitcoin Gemini without any sort of issues.
You can also use it as a platform to enable other things, but the thing is that it requires a lot more things. But if we see Ethereum, then you might be aware of the fact that there are so many built-in utilities in its native and natural form only. It also has the ability to be used as smart contracts in its organic way only. This is truly one of the significant differences between bitcoin and Ethereum.
This doesn’t mean that there is not layer 2 in on the bitcoins, which you know that you can create new value and new opportunities. But the only thing is that you need to work a lot harder for using bitcoin than you have to do in using the Ethereum cryptocurrency.
This is why Cuban believes that Ethereum has a lot more things to offer than the world’s biggest cryptocurrency, bitcoin. The functionality of Ethereum and the ease of use has made it a better option to invest your money rather than bitcoin.