To billionaire investor Mark Cuban, bitcoin has a major edge over other cryptocurrencies.
In his opinion, that’s due to its algorithmic scarcity, which makes bitcoin limited in supply by design. Because of this, Cuban sees bitcoin as an asset that will appreciate as demand increases. He has previously compared it to gold, even saying that bitcoin is a better store of value than gold.
The “Shark Tank” investor and Dallas Mavericks owner is so bullish on bitcoin that he predicts that it, along with Ethereum, will be viewed as “safe havens” in crypto in the future, meaning that bitcoin will be seen as an asset that will keep its value or grow in value, even when the overall crypto market faces turbulence.
But despite Cuban’s comments, keep in mind that financial experts generally consider cryptocurrency risky, volatile and speculative, and warn that investors should only invest what they can afford to lose.
Cuban’s thread of tweets came after he debated the use cases of bitcoin and Ethereum, among other things, with bitcoin maximalists on Twitter. They agreed on a few things, but some of Cuban’s thoughts were met with pushback.
Bitcoin maximalists view the bitcoin blockchain as a decentralized, peer-to-peer financial system that has the potential to replace traditional financial systems. They