ethereum right now has an advantage over bitcoin as a store value and transactional because
as more people get into nfts all they're going to know is ethereum and they're all
going to have to buy ethereum in order to do it right well okay so you you think ether has
an advantage over bitcoin as a store of value right now for new people coming in yes because
here's my logic and i know everybody's going to to me right so if i decide i like digital art
how do i buy digital art with ether yeah and if there's thousands of people a day
two thousand people a day coming in relative to the size of the number of people doing this right
that's impactful because every now and then one of them is going to be a whale and they're going
to buy a thousand ether right and because they want to go out there and be able to buy that big
artwork and then on top of that you're going to start to see music and and um entertainment videos
in movies for that matter posted on open c or wearable or wherever right um
because that's a better way to sell it and what are they going to see and what are they going to
have to do if they want to do their own store they're gonna have to spend their five or six
hundred dollars in ethereum right you know half of half an east just to be able to play the game
there's nothing in this ecosystem that says you have to buy bitcoin first
in order to transact or do something within defy or within any of the digital goods marketplace wow
and you won't believe what else mark cuban has to say on this so this is mark cuban on the
defiant podcast with camilo russo let's get one thing straight at the very beginning mark cuban
owns bitcoin mark thinks that bitcoin will go up he's bullish on bitcoin but
mark's even more bullish on the second highest cryptocurrency bar market cap ethereum ethereum
will outperform bitcoin this cycle and provide an even greater return on investment this is all
according to mark cuban in this video welcome back everybody to altcoin daily if you're interested in
making money in cryptocurrency subscribe to the channel we keep you updated on a daily basis so
mark cuban believes that although bitcoin's store of value narrative is great he thinks that's a
great narrative for bitcoin digital art nfts yield farming and banking like services in general on
ethereum the defy ecosystem will attract even more people into the crypto space
this year and over the next few years and more people if that's the case will be going through
ethereum don't take my word for any of this listen to mark articulate this himself this is mark
continuing his thoughts on bitcoin versus ethereum let me know what you think in the comments below
most people coming in right now are fall into two categories store value i want to make some money
bitcoin right so if you're investor first bitcoin but everybody else collectors
why would they buy bitcoin ethereum even with all that hassle once you get your arms around it it's
less hassle than going to deal with the bank yeah as more people realize that
then you start seeing that rush and so that's when that's why i got involved that's why i
think ethereum is going up and up and up and up because that's the easiest way to use farm
bitcoin is not an easy way to yield farm for for most people right you've got to do your swaps and
da da da da um but ethereum is easy and you know and that's become the currency for all your swaps
and or most swaps right and it's become the currency for a lot of you know smart
contracts and so people are seeing that and as more people are coming in i think that's why
you know bitcoin it made its bed to be a store of value and you know the algorithmic scarcity um is
a great selling tool it's a great narrative and that's not going away and you know i can see the
argument being made for people to put it in their treasury and you know to use it as an alternative
and that's good but you know for those part of the problem is for those people who want to yield farm
trying to go through the process of going into wrapped um bitcoin right and making that swap
yeah you got to hope that they you know that the people behind rap bitcoin are doing their job to
make sure that it tracks exactly right and there's some risk associated with that yeah and it's just
complex and hard to do i'm not hurting there's no reason i mean there's no reason to go and wrap
your bitcoin if you can just directly do it with eve yes yeah story yeah be it end of story yeah
so cuban is in to yield farming he's into decentralized finance he likes digital art
he likes nfts and right now the name of the game where all of this
is currently being built and all of this is happening for the most part is ethereum
and mark thinks that's going to bring a lot of new people into ethereum and into the cryptocurrency
space in general and by the way mark has formed this opinion from actually experimenting with this
stuff and doing his own research he's tried out yield farming he's tried out the banking like
services in defy he's even experimented with digital art and nfts in his own nba
mavericks business in fact he's just waiting for the nft space to really blow up this is mark cuban
describing what he likes what he is so attracted to when it comes to his own experiments with nfts
and using it listen closely when i started playing with it and realized that there was a little thing
that said you know resale percentage so that when i put up something for sale and it got resold i
got a percentage and it could track it every time it's sold forever more and i would continue to get
paid for now for for a zillion years that was a game-changer yeah that changes how music how video
how the internet is going to work forever if you're a professional photographer you should
be putting your stuff you know i like mintable i like wearable there's open c but open c doesn't do
series yet you know and so i use mintable and wearable um but yeah like on mintable just putting
it in their store and it's no cost until you sell if i'm a professional photographer and you know i
put all my pictures up there first not on twitter and let people buy them there or send them from
twitter there and that way you can you know offer commercial license and anytime it's sold again
you keep on getting paid and same with music or a music video instead of it being on youtube you
know put it where you can you know tokenize it and keep on getting paid that's enormous that is such
a game changer that traditional industries that sell digital goods haven't even recognized that
okay so at this point the only people who aren't bullish on ethereum are the bitcoin maximalists
right it's the bitcoin only people well let me just show you how that narrative is shifting as
well example number one here is anthony pompliano on a recent episode of his podcast as we know
pomp's a great guy bitcoiner it seems to align himself with the bitcoin maximalists yet i don't
know if you've been noticing he's been having more and more d5 people and altcoin people on the pomp
podcast lately in fact here he is joined by a decentralized finance bull a smart contract bull
so here is pomp educating his audience on different ways to think about the space other
than bitcoin only which probably a large part of his audience is i show you this as an example as
how the narrative is changing yeah so let's talk a little bit just about kind of decentralization in
general i think that this is probably one of the underlying themes across you know a lot of what
you guys are doing and really just the industry in general and so there's kind of a couple schools
of thought one is hey bitcoin is the king bitcoin will remain the king and everything will be built
on top of bitcoin uh there's another school of thought that is um we're gonna take all of the
ethos of bitcoin around decentralization and kind of consensus and we're gonna go apply it in a
million different ways with all sorts of different technology um and go touch every other industry um
and then there's kind of a hybrid which is like well bitcoin's gonna be really important and
uh that's likely to be the winner in the digital currency space and then like there's a bunch of
other stuff but they don't necessarily compete with bitcoin my guess is that you're in the third
bucket but one i want to make sure that that's true and then just kind of explain like everything
else other than bitcoin as you're kind of thinking through decentralization into the protocols yeah
we're absolutely in that third bucket like bitcoin is the biggest and most important protocol today
it will be one of the biggest and most important things in this entire space it's the gateway
drug for a lot of people it's like how you get into the space is you you sort of get your head
around bitcoin um and then once you start getting your head around bitcoin you start realizing that
there there are a set of things that bitcoin is phenomenal for and great for and then actually
if you sort of just tweak the consideration set a little bit of the constraints a little bit
you might be able to do more here is chamath pali hapatia thought to be a bitcoin maximalist as well
disclosing how bullish he is on the nft space and why chamoth is buying nfts and buying
digital art in addition to bitcoin which coins if you will cryptocurrencies
digital assets are are you a holder of are you a believer in well i will be publishing this soon um
i am building a fairly sizable portfolio of um what are called uh nfts uh non-fungible tokens
um some digital art um some you know virtual trading cards and these may sound crazy to some um
but i do think that that's the next frontier of digital currency and digital assets
um and so i have been building a portfolio i would guess that after he discloses the specifics of
this we will see eth ethereum mentioned by name so this cycle how can you not be bullish on ethereum
and by the way mark cuban did disclose his personal crypto portfolio on camilla's podcast
so this is mark cuban's crypto portfolio bitcoin ethereum ave um not so much um sushi um and like i
said i've got a couple smaller tokens i don't want to mention that i just have small positions in
and litecoin um other than litecoin you'd see me in the whale listings for okay all of them between
bitcoin and and eth is it split like halfway or do you own more of one or the other um i own more
east in terms of just number of eats i own more in dollar in bitcoin but that's changing as i'm
you know i'll wait for a little pullback on ethereum since it's had a run-up
um but i just bought some ave yesterday um and so um right right before it's run up so i've
been buying ave for a while um but i'd say um if i'm gonna buy new stuff that's probably a better
way to answer it i'd buy ethereum on a pullback before i buy bitcoin and so when bitcoin pulled
back to 30 000 i didn't buy more um ethereum pulled back to um a thousand i did buy more and
if it did that again i would buy more because for the very reasons we discussed and this is
where i leave you make sure you subscribe to the channel for more daily updates have a great year
you