Once remarked “I’d rather buy bananas than buy Bitcoin”, Shark Mark Cuban now praises Bitcoin as a store of value, bought and never sold.

Mark Cuban is one of the familiar “shark” faces of the American version of the Shark Tank program. He is the person behind many successful Shark Tank investments such as Lollacup – BPA-free drinking cup for children aged 1-3 years or Buggy Beds – Aphid detection and prevention system.

However, Shark Mark Cuban was also one of the people who were not very fond of Bitcoin. According to an article published on Forbes in 2019, the billionaire said “it is better to buy bananas than buy Bitcoin”, because at least bananas have intrinsic value.

“Bitcoin is something that people think is an investable asset. But a banana is much more valuable, it’s potassium, a nutrient that is valuable to every person on the planet.”

Even at the time of December 2020, before Bitcoin climbed to a record price of $ 20,600, Mark Cuban did not change his mind.

He said that, Bitcoin or any electronic currency will not replace the fiat currency issued by governments.

“Even if the Bitcoin enthusiasts want to fantasize that this coin is a hedge to the doomsday scenario, it is not. Countries will take steps to protect their coins. So, those who believe that this is a store of value will face more risks when governments intervene, “ Cuban said.

But surprisingly, Mark Cuban’s attitude toward Bitcoin in particular and cryptocurrencies in general changed after just a few months. In a recent broadcast of “The Delphi Podcast”, Mark Cuban revealed he had hold of a few digital coins. Currently, the allocation ratio in his portfolio is: 60% Bitcoin, 30% Ethereum and 10% the rest.

“In 2012, a lot of people said that Bitcoin was a currency, my reaction was like: ‘That will never happen.’ But over time, I came to see it as an accumulation tool. If you can convince people to believe that Bitcoin is a better alternative to gold, with a tight supply, the price of the virtual currency will increase, “ said billionaire Shark Tank.

“Bitcoin is a better alternative to gold and will continue to be. That’s why I bought this cryptocurrency and never sold it,” the billionaire shared.

In addition to Bitcoin, the billionaire also loves Ethereum – the second largest digital currency in the world. Ethereum attracted him by smart contracts processed on this technology. In the world of cryptocurrencies, a smart contract is a collection of code that performs tasks and runs on a blockchain.

“Smart contracts are what really changes everything,” Cuban said. “Smart contracts were born, which in turn created DeFi [decentralized finance] and NFT [irreplaceable chain of code]. These are game-changing things. That’s why blockchain is like the Internet. “ , the 62-year-old billionaire said.

Mark Cuban did not disclose the specific category in the remaining 10%. However, in February, he bought some small value Dogecoins for his 11-year-old son, Jake. At the time, he said the investment was just for “fun and educational” for Jake, and at the same time helped him understand more about the field. He said: “There are some coins I buy for entertainment, some for trial purposes because want to learn more . “