Connect with us

Hi, what are you looking for?

Jewish Business News

The A-List

Mark Cuban Now Pushing Cryptos

Mark Cuban, Photo by Gage Skidmore

Mark Cuban, Photo by Gage Skidmore

Billionaire Mark Cuban is now high on cryptos. The owner of the NBA’s Dallas Mavericks has gone back and forth on the issue, having at times been dismissive of things like Bitcoin. But now Cuban is not only pushing NFT’s, but he has also disclosed a massive investment in Ethereum.

Mark Cuban spoke about the benefits of cryptocurrencies – also known as blockchain – in an interview with the Scott Hilton YouTube channel. “The Bitcoin maxis are the people who think that Bitcoin’s just going to own the world and change the world to be the ultimate currency,” he said. “It’s not.”

So, what does that mean exactly? Well, Mark Cuban went on to explain that Bitcoin is something that has great deal of value because it is easier to trade than gold. And cryptos, he said, are also easier to break up into smaller pieces than gold to share with people. “It’s easier to store, you can just take the digital file and put it on a card,” said Cuban adding that, “Store of value is one thing that applies primarily to Bitcoin.”

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

“Finally there’s the tokens that have utility like Ethereum,” Mark Cuban added. “They have these things called smart contracts and they allow you to trade different things, whether it’s NFTs [non-fungible tokens], insurance contracts on Ethereum, there’s just a variety of things.”

Second only to BitCoin in total value, Ethereum is a blockchain that calls itself a community-run technology that powers the cryptocurrency ether (ETH) and thousands of decentralized applications.

“That’s where I think the true upside is,” explained Mark Cuban. “That’s why I own a ton of Ethereum and Polygon (MATIC) because smart contracts like HTML or Javascript for the internet. You can create applications.”

As for NFTs, Mark Cuban went on to say that they are one version of the applications, “and we’re starting to see others [like] textbooks turned into NFTS. Music, songs, movies turned into NFTs. Anything digital can use a smart contract to become an NFT.”



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.