Mark Cuban explains why he’s “super bullish” on Ethereum

08/25 07:22

Mark Cuban, the billionaire and owner of the Dallas Mavericks, recently told Fortune that he remains “super bullish” on Ethereum. The merge upgrade, which is expected to take place in less than a month from now, will dramatically cut Ethereum’s energy consumption by a factor of 1,000. Cuban views this as an “important” factor that could strengthen Ethereum’s bull case. Still, the billionaire refrained from making any concrete price predictions since he doesn’t know how the price of the cryptocurrency will react to the merge upgrade in the short term. Cuban believes that there will be enough applications that will drive the adoption of the second-largest network. Cuban is convinced that Ethereum has the upper hand because of its utility. At the same time, Cuban remains highly skeptical of Cardano, one of Ethereum’s top competitors. He recently opined that Dogecoin was more useful than Cardano despite the fact that it has been more than a year since the launch of smart contracts.
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