Cuban said on an episode of “The Delphi Podcast.” That he bought in the “early days” and has broken down his portfolio to “60% bitcoin, 30% Ethereum and 10% the rest.”
“What really changed everything was smart contracts,” Cuban said. “Smart contracts came along, and that created DeFi [or decentralized finance] and NFTs [or nonfungible tokens]. That’s what changed the game, that’s what got me excited, that’s why it’s a lot like the internet.” He said.
“That is more life-like, and so, I have a lot of Ethereum as well,” Cuban said. “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.”
Meanwhile, Cuban showed his interest in Bitcoin. He said that 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,” he said.