Mark Cuban is a Merge fan: "I'm super bullish about ETH"
The US billionaire can't wait for the Ethereum Merge!
American businessman and billionaire and NBA Dallas Mavericks owner Mark Cuban, who is a huge enthusiast of the entire cryptocurrency sector, admitted that he is a huge supporter of the upcoming Ethereum update called The Merge. It is worth noting that as a result of this revolutionary change, the second largest cryptocurrency in terms of market capitalization will move from the Proof-of-Work consensus to Proof-of-Stake, which will drastically reduce its carbon footprint.
Change of the ETH consensus is on the horizon
Mark Cuban in a number of statements expressed opinions that the transition of Ethereum from Proof-of-Work consensus to Proof-of-Stake is very positive for this project. The main argument that Cuban used to justify his opinion is that for him the issue of energy consumption is extremely important for the future of the Ethereum project.
"I'm a fan of the Merge," Cuban admitted, adding that he remains super bullish towards ETH.
However, he pointed out that he personally considers his cryptocurrency portfolio as a long-term investment and from the perspective of today, he is not entirely sure if and when ETH will go up.
During previous discussions about his passion for Ethereum, Cuban mentioned many times that Ethereum is not only a cryptocurrency project, but the most important thing for him is the use of Ethereum as an application layer. Cuban primarily had an interest in smart contracts in mind.
- What I really consider a game changer are smart contracts. Their appearance opened up a new and wide spectrum of possibilities, and this led, for example, to the creation of DeFi or NFT. This is what got me excited. Therefore, it is very similar to the internet, he said in March 2021.
Cuban has an extensive cryptocurrency portfolio. It includes Ether, along with other well-known brands such as Bitcoin. The American also has mem coins such as Dogecoin. His investments also include a number of NFT tokens as well as shares in blockchain companies.
