We take a detailed look at Mark Cuban’s crypto portfolio.
Mark Cuban is an entrepreneurial billionaire from the United States.
With an estimated net worth of around $4.3 billion, people sit down and listen when Mark Cuban speaks on the topic of investing.
As tech has always been his niche, a move into the cryptocurrency space was always on the cards and people are intrigued by what he currently HODLs.
After exploring what Andrei Jikh is buying, let’s now step it up and look at Mark Cuban’s cryptocurrency portfolio.
What’s in Mark Cuban’s cryptocurrency portfolio?
Mark Cuban’s cryptocurrency portfolio consists of 60% Bitcoin, 30% Ethereum and 10% other altcoins.
His altcoin allocation includes Dogecoin and Polygon (MATIC), with the latter, even afforded an entire section of his Mark Cuban Companies website.
60% - Bitcoin
Mark Cuban’s biggest cryptocurrency portfolio allocation of 60% goes to Bitcoin.
What appeals to Cuban about Bitcoin isn’t that it can be used as an alternative to cash, but rather as a store of value.
A digital gold, if you will.
“People said bitcoin is a currency, and I’m like, it’s just not going to work.”
“But, the entire time, I said it was a store of value where, if you could get people to believe that it was a better alternative than gold, because of its algorithmic scarcity, the price is going to go up.”
While never mentioning when exactly he bought, Cuban likes to mention that he’s been in Bitcoin for a long time and has never actually sold it.
A pretty standard response amongst my mates with dubious reputations around telling the truth, too...
30% - Ethereum
Mark Cuban’s second-biggest cryptocurrency portfolio allocation is Ethereum.
At 30%, this obviously another huge chunk of the billionaire’s holdings and worth taking serious notice of.
He likes Ethereum primarily because of its ability to host and run entirely decentralised smart contracts.
“What really changed everything was smart contracts.”
“Smart contracts came along, and that created DeFi and NFTs.”
“That’s what changed the game.”
Cuban has also compared Ethereum to a true currency, but I’m not sure if I personally agree with that assessment.
Again he says that he got into his Ethereum position early, but wishes he got in sooner.
Don’t we all, Mark.
Don’t we all.
10% - Other Altcoins including Dogecoin and Polygon (MATIC)
The rest of Mark Cuban’s cryptocurrency portfolio is made of up other altcoin investments that he’s accumulated over the years.
While he hasn’t gone into a ton of detail about this section of his crypto portfolio, we do know that it includes Dogecoin which he bought for his son Jake.
Alongside Dogecoin, our guide to Polygon also recently discussed Cuban’s sizable stake in MATIC.
"Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development".
Cuban has even offered the team feedback on marketing and facilitates integrations into other projects he invests in.
Obviously with the Mark Cuban tick of approval, we’ve seen Polygon recently go from strength to strength and is one to continue keeping an eye on.
Just finally, during a Reddit AMA for the Wall Street Bets community, Cuban dropped that he also still owns Litecoin.
Final thoughts on Mark Cuban’s cryptocurrency portfolio
On the surface, it looks like an intelligent allocation between proven assets.
After getting rugged on TITAN, he said he didn’t actually lose money.
Cuban said he got hit like everyone else, but also claimed to have got out before the bloodbath.
Lol, well that’s nice and convenient, isn’t it?
When considering what’s in Mark Cuban’s cryptocurrency portfolio, just keep in mind that the man is not like you.
If we’re reading (or writing for that matter) articles like this, then we aren’t billionaires in the current financial system.
Mark Cuban on the other, is.
A billionaire that is using cryptocurrency as much as a small hedge for his immense USD denominated wealth, as he is looking for growth potential.
If your goals are much more about generating new wealth, then maybe a conservative cryptocurrency portfolio like Mark Cuban’s isn’t the way to go.
Best of probabilities to you.
Direct from the desk of Dane Williams.
Why not leave a comment and share your thoughts on Mark Cuban’s cryptocurrency portfolio within the comments section below? All comments that add something to the discussion will be upvoted.
This Mark Cuban crypto blog is exclusive to leofinance.io.
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Excellent, we should always follow the example of those who play in the major leagues... Certainly BTC will go up as the years go by due to the cut in supply in half to miners that happens every four years, plus the adoption we are already seeing at present. On the side the Ethereum project is excellent and I personally see it above $10K in maybe 1 year or a little more. With respect to Dogecoin, the truth is that it does not call my attention, it is just that behind the coin is Elon Musk, but as a coin I do not see anything new, it is one more of the pile without utility so far. In the case of Polygon if it is a successful project, I quite like what is behind it. Best regards!
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On the contrary, I think he has a cool portfolio with a mix of calculated risks! Even DogeCoin has a strong community and Dallas Mavericks (owned by Mark) accepts Doge for Tickets, Merch, and NFTs.
If someone is a small-time investor who is thinking long-term, they can copy his portfolio during the down market and play from there. We all know that BTC & ETH are expected to provide handsome returns in the years to come. They are the safest bets in all of crypto. And DOGE is here to stay, I guess. 😂 #DogeArmy
Disclaimer: No Financial Advice.
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That Mavs link to accepting Dogecoin is hilarious.
Can't believe it's a serious article haha.
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The final part of this post hurt me a lot and it dashed my hopes of being like cuban hahaha.
This man is an example for all billionaires who still believe and trust blindly in fiat money, what he says about bitcoin is true, as a daily use currency is not convenient to use it, much more convenient is the DOGE.
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I triggered myself writing that part haha.
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I would say that his portfolio is quite defensive since I think BTC will rebound given its status as digital gold. As for ETH, it will have to depend on the new upgrades but its smart contract ability makes it a good choice. I don't think there will be crazy gains but a portfolio like this is probably built towards a more long term future.
So it isn't exactly what retail is looking for (fast and quick returns).
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Yep, exactly this.
Cuban does have some speculative investments within that 10% (I mean he's bought Dogecoin lol), but overall it's defensive.
Something a billionaire like him can afford to be.
Us?
Less so.
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Whenever I see ETH on someone's portfolio I regret selling mine when it was a couple hundred dollars. It's going to be a blaster this bull market.
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Oh man, we've all made decisions like that but can't dwell on them.
We've just gotta keep putting ourselves in a position to achieve life changing money on the next 100x pump.
LEO? ;)
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I agree that it’s interesting to see what He is holding, and I am glad he sees value in Bitcoin and Ethereum. I am also glad he sees value in Polygon Matic and hope he may one day invest on Cubfinance or more specifically our project on Polygon.
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Haha, wouldn't having Mark Cuban investing in Cub Finance be something!
Wild.
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Adding a Leofinance.io link to increase your SEO ranking:
https://leofinance.io/@shortsegments/marc-cuban-a-billionaires-thoughts-on-defi-and-why-people-should-invest-in-it
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Thanks for sharing the related Mark Cuban link.
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Your welcome.
Please take a look at this link and consider sharing it.
It’s about the No Loss Lottery. It is a fascinating intersection of lottery, savings, and DeFi.
Here’s my latest post where Sunday’s Weekly Lottery awarded 180 Leo in prizes.
https://leofinance.io/@nolosslottery/week-ten-of-the-no-loss-lottery-189-leo-in-prizes
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No one should care what Mark Cuban's portfolio looks like. Cause he is trying to retain his wealth not increase it. A billion wants to keep the value of his assets from falling while the average Jeo want to increase it.
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Good strategic points. Are you invested in Cubfinance? It is a risky, but high paying investment which is attractive to the non-billionaires because it could build exponential wealth. If you are not comfortable yet investing in DeFi consider projects like @easydefi which makes yield farming easy.
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Yep, read from here:
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I am amazed at that 10% of MATIC, I would never have said that
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Just to be clear, MATIC isn't actually 10% of Mark Cuban's cryptocurrency portfolio.
MATIC is just one of the altcoins that makes up the final 10%.
Cuban has never gone into details around how much MATIC he actually owns.
But as it's one of the projects listed on his Mark Cuban Companies website, we can probably assume it's one of his larger altcoin holdings.
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