The star name of the Shark Tank program focused on investment collection Mark Cuban He recently revealed to Fortune that he is feeling “super bullish” for Ethereum, the second-largest cryptocurrency by market capitalization.
Ethereum Merge With the update, the energy consumption of the network is expected to decrease by 1000 times, and this update is less than a month away. Mark Cuban, on the other hand, sees this update as a critical factor that will strengthen the “bullish outlook” in Ethereum. This optimistic forecast of the billionaire may not actually be as “optimistic” as expected because Cuban avoided specifying a price because he could not clearly predict the developments and the reaction of the price. However, it is almost certain that this update will see an increase in network adoption.
The “Shark Tank” star continues to be the star of Ethereum for a while. In November last year, he was brave enough to describe himself as “Ethereum maxi” to highlight his preference for Bitcoin rival altcoin.
Cuban believes Ethereum is a superior asset because of its benefits and usability. According to data provided by DefiLlama, Ethereum still accounts for 58% of the total value (TVL) locked in the cryptocurrency industry.
The billionaire, owner of the Dallas Mavericks, who claims that bananas have more benefits than Bitcoin, after this word bitcoin He started to have a better relationship with her. Cuban now describes Bitcoin as a store of value in direct competition with gold.
At the same time, Cuban remains quite skeptical of Cardano, one of Ethereum’s top competitors. He recently stated that Dogecoin is more useful than Cardano even though it has been more than a year since the launch of smart contracts.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.