The billionaire investor and television personality, Mark Cuban recently did an interview on the recent episode of a podcast and discussed crypto assets at length. Cuban says his cryptocurrency portfolio is 60% bitcoin, 30% ethereum, and the rest is dedicated to smaller cap cryptos.
Mark Cuban Shares His Crypto Portfolio Allocations
Mark Cuban is a well known investor, one of the hosts on Shark Tank, and the owner of the National Basketball Association’s (NBA) Dallas Mavericks. For years now, Cubans and some of his fellow Shark Tank co-hosts have been discussing cryptocurrencies and whether or not they are a good investment.
During the first week of February, Cuban told stock traders that bitcoin holders were a great example to follow. In March, Cuban told gold bug Peter Schiff that bitcoin was better than gold. However, Cuban has been skeptical as well and has also criticized the crypto industry on a few occasions.
For instance, at the end of 2020, Cuban explained that bitcoin (BTC) was a store-of-value (SoV) but also carries some zealotry. “It’s a store of value like gold that is more religion than a solution to any problem,” Cuban stated.
This week the Shark Tank co-host told the world his allocations in terms of his cryptocurrency portfolio and discussed ethereum (ETH) quite a bit. “60% bitcoin, 30% Ethereum and 10% the rest,” Cuban highlighted when he explained his crypto portfolio on “The Delphi Podcast.”
Cuban looks at ethereum (ETH) as being a currency in contrast to bitcoin (BTC). “[In 2012] people said bitcoin is a currency, and I’m like, ‘It’s just not going to work.’ But, the entire time, I said it was a store of value where, if you could get people to believe that it was a better alternative than gold, because of its algorithmic scarcity, the price is going to go up,” Cuban emphasized during his interview.
[Bitcoin is] a better alternative to gold, and it’s going to…