Why is billionaire investor Mark Cuban bringing changes in his Crypto Portfolio?

Recently a search engine showed the ethereum wallet of Mark Cuban that made it possible to deduce the latest crypto portfolio of the Shark Tank investor. 

According to EtherScan, an ethereum search engine, Ethereum (ETH), remains at the top of Mark Cuban’s wallet’s assets list. The USDC stablecoin of Circles appeared to take its place in his crypto portfolio at the second spot. There is about 260,462 USDC currency in the Ethereum Wallet of Mark Cuban, which is more than that of his crypto profile. This is also worth noting that up until last month, USDC was not even present in the crypto portfolio of the Shark Tank investor. 

Further details about Cuban’s crypto portfolio seen as at number three, he had OCEAN tokens of Ocean Protocol, a decentralized data sharing and associated services ecosystem. The billionaire investor has approximately 128,619.2 OCEAN tokens in his wallet, worth about $64,249, securing approximately 13% of his crypto portfolio. 

At the fourth spot in the crypto portfolio of the crypto bill remains RARI which is the governance and native token of Rarible, a non fungible token platform centered on creators. Cuban has around $51,132 worth of 6632 RARI tokens in his crypto portfolio. Next up in his wallet is the governance token of Olympus DAO, gOHM. There are approx 5.9 gOHM in Mark Cuban’s crypto portfolio worth $18,921.  

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Cuban also has a bag full of AUDIO, native tokens of decentralized music streaming protocol Audius, where he has around 10,000 AUDIO tokens worth about $12,687.45. 

The wallet of Dallas Mavericks became public when he showcased his NFT collection on the digital art gallery platform Lazy. Many blockchain detectives have been keeping eyes and tracking it ever since. However, it’s not clear if the billionaire has other crypto wallets at different locations. 

Mark Cuban, in an interview, said that he had a bullish take on Ethereum for the near future where he identified the merger of Ethereum from proof of work to proof of stake system as the crucial factor which would act as the catalyst for growth for the smart chain native token. He also thinks that the merger would make it outdated, and the overall ETH supply will likely decrease and support pressure upwards. Cuban thinks that while being on its way to the merger, Ethereum will become a deflationary asset in itself. 

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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