Mark Cuban said that Ethereum is a better store of value than Bitcoin. Chatting with host Laura Shin on her Unchained podcast Cuban said Ethereum’s versatility makes it a more compelling prospect in his eyes while Bitcoin is apart from being a store of value. provides very little else, at least layer 1.

I didn’t say not, but I think there are just significant differences between the two. Both of them, effectively, are platforms that enable a lot to happen. Bitcoin, right now, has evolved to be primarily a store value, and it’s very difficult to use it for anything else. If, if you want it… it’s become digital gold,” Mark Cuban says.

Flexibility makes Ethereum become a better store of value

While Bitcoin is almost 5 times the market cap of Ethereum currently, that doesn’t necessarily mean that Bitcoin is 5x better. Some people, including Mark Cuban, say that Ethereum makes for a better choice between the two regardless of the large difference in market cap size.

According to Cuban, the reason is because Bitcoin’s utility is inferior to that of Ethereum. He pointed out the fundamental difference related to smart contracts or the lack of top cryptocurrencies:

“there’s just a lot more built-in utility in it’s organic and native form, right? Just the ability to use smart contracts organically and natively is just a significant difference right now.”

Instead of arguing, Cuban believes that makes Ethereum the better choice as a store of value. To justify this claim, Cuban mentioned Ethereum Improvement Proposal (EIP) 1559, as well as ETH 2.0 as a reason for investors to buy ETH instead of Bitcoin at this point. He noticed:

“I mean, obviously EIP 1559, everything changes. What happens going forward is going to really impact how people perceive it specifically as a store of value.”


Please enter your comment!
Please enter your name here