American businessman, the owner of the NBA team Dallas Mavericks, Mark Cuban is a big supporter of the crypto industry.
Crypto succeeds when it's a more productive implementation of it's competition. BTC/Gold are both financial religions. BTC is easy to trade/store/create with no delivery issues. BTC also enables transfer of value locally and globally . Gold is a hassle. Just look at Ft Knox— Mark Cuban (@mcuban) May 2, 2021
Cuban mentioned that in addition to being productive and effective, crypto is also trustless and a better way to carry out multiple transactions. He compared Bitcoin with Gold saying that although they both are "financial religions", BTC is more convenient to trade, store and create. On the other hand, he mentioned the difficulties concerning gold and brought an example of the United States Bullion Depository Ft Knox.
Referring to Dogecoin, Cuban said that it was a joke that turned into a legit currency that has a purchasing value, and more and more companies allow DOGE payments.
The billionaire talked about Ethereum smart contracts as well, praising the way they work.
Earlier Mark Cuban Invested in NFT Data Provider CryptoSlam. In March he presented Lazy.com, a digital art gallery for users to show their NFTs.