Mark Cuban: “Demand for Bitcoin will exceed supply”
Mark Cuban is confident that the demand for the first cryptocurrency will exceed the number of traders selling it. Therefore, Bitcoin is one of the best means of saving savings. When asked what part of the investment portfolio is in cryptocurrencies, the businessman could not clearly answer:
“I don’t even know how much, but I’m happy with these investments. In particular, Bitcoin. There is also ether, but in smaller quantities. The dynamics of BTC depends on supply and demand. The number of coins will total 21 million. The more people buy Bitcoin, and the fewer people sell, the higher the rate will be. This is the nature of cryptocurrencies, which is why I invest in Bitcoin. I am confident that demand will exceed the number of sellers.”
The owner of the Dallas Mavericks refrained from speculating on whether the US Securities and Exchange Commission (SEC) will approve spot exchange-traded funds for ether. According to Cuban, Ethereum operates differently from Bitcoin because Ethereum is more focused on functionality. Therefore, more and more applications based on this network are appearing.
