April 26, 2024

Mark Cuban recognized the benefits of cryptocurrencies and blockchain

Mark Cuban recognized the benefits of cryptocurrencies and blockchain

Billionaire investorMark Cuban has come a long way fromclaims that he would prefer bananas to Bitcoin, up todescriptions of the advantages of cryptocurrency over traditional finance. In a recent Twitter post, he highlighted the strengths of Bitcoin, Ethereum, and even Dogecoin.

Famous investor and popular starThe reality show Shark Tank was among many who questioned the merits of the cryptocurrency industry. Earlier, the billionaire noted that BTC failed to cope with its task of being an electronic money P2P system, since it is easier to "trade bananas as a commodity than to trade bitcoin."

However, the COVID-19 pandemic and government actionslast year they began to slowly but surely change his mind. Recently, Cuban has repeatedly emphasized the advantages of digital assets over traditional financial assets.

On Twitter, he showcased his loyalty to several assets, including Bitcoin (BTC) and Ethereum (ETH). He seems to be on a completely different side than last year:

"BTC is easy to trade/store/create with no shipping issues."

Despite the fact that both gold and bitcoin areBy "financial religions," the Shark Tank star believes the precious metal is a "headache" and the mainstream cryptocurrency "allows value to be transferred locally and globally."

As for Ethereum, the billionaire claimsthat smart contracts built on its blockchain are "better, cheaper, faster at authenticating / buying / selling / delivering digital items than the available alternatives."

"ETH smart contracts for DeFi allow for better depositing/holding/trading of financial instruments than banks.One is automated, not based on trust, and almost instantaneous.buildings filled with people that increase costs and make it more difficult tothe same deals"- he added.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features — futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Mark Cuban recognized the benefits of cryptocurrencies and blockchain

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