The star of the popular show about business and finance, Shark Tank, believes that Bitcoin’s options are limited, so it will give way to smart contract platforms and dapps. Until investors need a safe haven.
Mark Cuban
wrote on Twitter that bitcoin is unrivaled as a store of value. Still, Cuban recognizes the prospects for the Ethereum smart contract platform and second-level solutions.
“The usefulness of bitcoin will depend more on the blockchain, and its value will be determined by supply and demand. I like ether and tier 2 solutions better because I see an unlimited number of applications that will change the world of business and consumers forever. And to use them, you need to buy ether. BTC does not have such opportunities. ”
According to Cuban, Bitcoin benefits from the fact that smart contract platforms compete to attract DeFi and users. When they lose, investors leave these platforms and invest in more reliable cryptocurrencies.
“It will be a huge win for Bitcoin when multi-billion dollar blockchains go dormant. Many people will view Bitcoin and Ether as safe havens, and the more conservative Bitcoin will win. It will be a safe haven in the sea of ​​cryptocurrencies. ”
Billionaire Barry Sternlicht is confident that Bitcoin can protect savings from inflation. However, it also supports Ethereum. According to him, it is “programmable Bitcoin” with a huge number of applications. He holds both assets in his investment portfolio. Analysts at JPMorgan argue that the rise in the price of BTC is driven by institutional investors’ investment in Bitcoin to protect against inflation. Soros Fund Management CEO Dawn Fitzpatrick said the fund owns bitcoins and is investing in bitcoin-focused platform NYDIG and Lukka, which offers asset management solutions.
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