Mark Kuban: “BTC is a financial religion, and DOGE is a legalized joke " – Bits Media

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Марк Кубан: «BTC – это финансовая религия, а DOGE – узаконенная шутка» - Bits Media

Billionaire Mark Cuban (Mark Cuban) considers, that bitcoin can outperform gold, smart contracts can radically change the banking industry, and Dogecoin - to become legal tender.

Previously, the owner of the Dallas Mavericks basketball club was supporter of gold. However, now Cuban believes, that bitcoin can be viewed as a tool for preserving values ​​along with the "sacred material asset" - gold. Cuban wrote about it on Twitter., calling both assets "financial religions."

The billionaire expressed himself metaphorically about other digital assets., said, that there are many "false teachings" on the cryptocurrency market, however, bitcoin is one of the "spiritual leaders". Kuban admitted, that bitcoin is easy to trade, and it is also easy to obtain and store, while gold mining requires significant material resources.

Cuban also posted several tweets about Ethereum.. He considers, that smart contracts actually function faster and more efficiently when purchased, sale and delivery of digital goods, than existing payment solutions. Therefore, smart contracts can radically change the banking industry..

"Smart contracts are automated, do not require trust management and complete tasks almost instantly. The banking system depends on buildings, overcrowded. This increases costs and makes transactions difficult., which could be conducted more efficiently using smart contracts ", - Kuban wrote on Twitter.

The billionaire drew attention to the altcoin DOGE, which was created as a "joke" cryptocurrency. According to Cuban, until, while companies accept DOGE as payment for goods and services, this crypto asset can be useful. Dogecoin will be able to maintain its purchasing power better, чем доллар США в банках.

Cuban called Dogecoin "a joke, which can be used within the law ". Recall, that last month American online electronics store Newegg added support for Dogecoin. Besides, DOGE is one of the favorite cryptoassets of Tesla founder Elon Musk (Elon Musk), whose tweets have repeatedly raised the rate of this cryptocurrency.

However, Galaxy Digital CEO Mike Novogratz (Mike Novogratz) has a completely different opinion about Dogecoin. Novogratz is convinced, that this cryptocurrency has no purpose and meaning.