In a podcast interview with The Defiant, a millionaire and also a well-known investor, Mark Cuban revealed Ethereum (ETH) has the potential to outperform Bitcoin (BTC) in terms of value savings.
In general, Cubans believe in cryptocurrencies that are seen as bullish, especially DeFi. However, the Shark Tank celebrity is skeptical of Bitcoin as a currency.
"Until today, I still can not accept that Bitcoin will be a currency," he said.
Apparently, the Cubans are still not excited about the Bitcoin trend. According to him, Bitcoin is not the best hedge when faced with the worst case scenario and, the idea of Bitcoin and other cryptocurrencies replacing fiat currencies is not ‘productive’ because in the end countries will act to protect their currencies as well as the ability to impose taxes.
However, the individual is seen positive with the development of blockchain, especially smart contracts (smart contracts) which became an important focus when the new crypto industry 'gah' and became a major threat to the banking system.
Of course, Ethereum wins this aspect compared to Bitcoin. According to the Cuban, smart contracts remind themselves of the beginning of the internet era:
"With just HTML and some basic JavaScript, you can do all sorts of things. It became frictionless banking. It is easier to make a loan in seconds. Such technology will start to threaten the banking industry. ”
Through Ask Me Anything on the Reddit site WallStreetBets, Cuban also explained his confidence in the DeFi sector which will 'explode' in the next 10 years.
