Billionaire investor and entrepreneur Mark Cuban said in a recent interview that he has “a lot of” Ethereum ($ETH) and Polygon ($MATIC).
Cuban is the majority owner of the professional basketball team Dallas Mavericks, as well as one of the “sharks” on the highly popular reality show “Shark Tank” (which is aired on the ABC television network).
Speaking in an interview with Crypto Banter, Cuban noted that Bitcoin is a “great store of value,” asset, but claimed to have substantial investments in Ethereum and Polygon due to their utility and strong use cases.
As reported by The Daily Hodl, Cuban said,
Bitcoin’s a great store of value, but Ethereum and Polygon that I both own a lot of, you can start to see the utility.
Cuban mentioned that both of these platforms were benefiting from the growing number of applications being built on their networks. He alluded to ETH 2.0 potentially alleviating Ethereum’s current gas fee problem, while also noting that Polygon has “done a great job.”
The billionaire also revealed that he is currently searching for the next-big-thing in crypto in the form of an application that will reach mainstream consumers.
According to Cuban, most of the current blockchains are locked in a “death war” over users and applications, but have yet to reach mainstream penetration. He said he’s looking for the first project that can create something similar to Instagram, where the average person on the street has both heard of the application and regularly uses it.
Cuban argued that the industry has yet to create the first “viral mainstream crypto-based application,” but that its emergence was inevitable.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.