Bitcoin is currently trading at $49,780, up 4.3% for the day
Bitcoin was trading 4.3% higher on Tuesday morning.
According to Coindesk, the price was around $49,780 per coin, while rivals Ethereum and Dogecoin, were trading at $3,400 (+1.18%) and 23.5 cents (+8.78%) per coin, respectively.
Just last week, bitcoin was stable near $45,000 per coin.
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Business titan and billionaire investor Mark Cuban joined Granthshala Business on Monday, sharing his thoughts on how not all digital currencies are the same and how cryptocurrencies could shape the future.
“Bitcoin is a completely different animal as a crypto,” Cuban told host Neil Cavuto on “Cavuto: Coast-to-Coast.”
“Bitcoin is a great alternative store of value,” said the owner of the Dallas Mavericks. “I think it’s a better option than gold, but not all crypto is equal. You put bitcoin in the stored-value category, then you move on to things like Ethereum.”
“Ethereum is a really important network, and because of their ability to deliver smart contracts and their security and management, I think you’re going to see a lot of unique business applications,” Cuban said, before elaborating, .
“I’m investing in things like decentralized insurance applications, decentralized ways of distributing NFTs, which allow things like 3-D printing files, textbooks – many different applications,” he revealed. “It’s very similar to what we saw in the early days of the Internet when we went from analog to digital.”