BTC or ETH to Outpace the S&P 500 in 10 Years – Finance Bitcoin News
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There’s a pretty simple way to make Bitcoin go viral: just find a large group of people who already understand the value of Bitcoin, and convince them that they can make even more money with Bitcoin than they already can. That’s why, as blog posts like this one are being written, Bitcoin is being talked about on online forums, on Reddit, and on listservs. And it’s also why every bitcoiner in the world is trying to convince everyone they know to invest in Bitcoin.
The price of BTC and ETH is on the rise, backed by a growing demand for the cryptocurrency market. The crypto market is on the best streak since its yearlong slump, which began around the same time bitcoin fell below $6,000 in September and ended with a nearly 80 percent plunge. Besides, the Securities and Exchange Commission (SEC) Chairman, Jay Clayton, said that the SEC would not be rushing to approve any bitcoin-based ETFs. According to the recent report, BTC price is now about $8,000.
American billionaire entrepreneur and TV presenter Mark Cuban has made a bet with Creative Planning founder Peter Mulluk on the performance of cryptocurrencies against the S&P 500. Cuban said on Twitter that the two should invest $1 million in a smart contract based on stablecoins to bet on how Ethereum or Bitcoin will do in 10 years compared to the Standard and Poor’s 500 Index.
Mark Cuban confirms his claims with a million dollar bet with Peter Malluck
One of the investors on ABC’s reality show Shark Tank, Mark Cuban, has been talking a lot about cryptocurrencies lately, and the billionaire recently spoke to Ellen DeGeneres about the potential of Dogecoin (DOGE). As owner of the Dallas Mavericks of the National Basketball Association (NBA), Cuban is now forcing the Mavs to accept digital currency for goods and services.
However, recently Peter Mulluk, founder of Creative Planning, a financial management group, said that people who listen to Kuban’s tweets about Dogecoin are not very smart.
So many people will lose so much money listening to this. Straight out of the movie Dumb and Dumber, Malluck said in his tweet. If you buy a hundred shares, chances are most of them will go up. If you buy a hundred cryptocurrencies, most will drop to zero. A big difference, adds the founder of Creative Planning.
Cuban then responded to Malluc’s tweet by saying:
Only a fool would buy 100 stocks or 100 crypto assets. But let me ask you a question. What rights do you have as a shareholder on the shares of a company you have purchased?
Only a fool would invest in 100 shares
From that point on, the conversation on Twitter began to turn into a friendly bet. How about this, Cuban wrote to Mulluku.
We have set up an ETH smart contract. You invest $1 million in a stable currency. I invested a million dollars in a stable currency. We set up a contract that pays you out if the growth of the S&P 500 at the end date is greater than the growth of the BTC or ETH of your choice. You can choose an administrator, Cuban added.
The conversation seemed to create a desire to talk, and Malluk seemed interested in getting involved in the discussion.
The odds of a diversified portfolio beating someone who picks a handful of stocks are very high, Mulluk said, trying to convince Cuban. Only a fool would bet on multiple stocks. Over the next 10 years, I will compare the performance of the SP 500 to that of any stock group and feel pretty good about it. I am very much in favour of bringing our money into the debate. Mark Cuban, you can choose the amount and the proceeds will go to the charity of the winner’s choice. I’ll take the SP500. You can select and trade any stock at any time, Malluk said.
After Mr. Cuban spoke on Twitter about using a stablecoin-based smart contract owned by the custodian, Mr. Malluc again said he was interested. That’s interesting. It started when you promoted the Doj. I’ll take the S&P 500 and you can take the Doge. The 10-year income loser donates $1 million to a winning charity. But if you’re not sure Doge will win, Malluc said.
Then we can move on to the next topic of disagreement, the Creative Planning founder added. You said only a fool would invest in 100 shares. I take an index of 100 stocks or 100 shares and you can choose the stocks you want. I’m feeling pretty good too, according to your market interviews.
How about Mark Cuban’s bet with Creative Planning founder Peter Malluck? Do you think this bet will come true? Let us know what you think in the comments below.
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Frequently Asked Questions
Is it better to buy Bitcoin or ethereum?
Bitcoin has been making headlines as of late due to the meteoric rise in its value. While Bitcoin is the world’s favorite digital currency, it’s far from the only option available to investors looking for cryptocurrency exposure. Ethereum, a platform for decentralized applications, is a rising star in the world of cryptocurrency. In fact, Ethereum’s value has increased astronomically in just the past few months, making it one of the most interesting investment opportunities available today. Bitcoin is the world’s biggest cryptocurrency, but it’s not the only game in town. In fact, it faces stiff competition from other cryptocurrencies such as Ethereum, which are gaining in value and popularity. So which is better? The answer depends on who you ask. For many people, the inherent risks associated with cryptocurrencies—especially Bitcoin—are reason enough to avoid them. (In fact, the CEO of J.P. Morgan Chase called Bitcoin “a fraud” in September 2017.) Still, others are attracted to Bitcoin and Etherum’s decentralized, anonymous nature.
Is ethereum worth buying 2021?
If you are planning to buy ETH in 2021, it is unlikely that you will be purchasing it from an exchange. The reason for this is that, by 2021, most exchanges will have closed down. This is because, in 2021, the Ethereum network will have undergone its third ‘Ice Age’, in which the block reward is reduced by 20% every 1000000 blocks (~3.5 years). This will cause the network to decrease its supply of ETH, until it eventually reaches a point where the mining of new ETH is so difficult, that the economics of conducting an exchange are no longer sustainable. ethereum (ETH) is a software platform that enables developers to build and deploy decentralized applications (dapps). In the cryptocurrency world, ethereum is second in market cap only to bitcoin. (If you’re new to this topic, check out our guide to cryptocurrency .) Ethereum’s technology has several applications beyond cryptocurrency. For example, the U.S. Department of Energy’s Pacific Northwest National Laboratory (PNNL) is developing a system to manage the distribution of electricity from renewable sources in a way that reduces costs and avoids the intermittent nature of these sources.
Does ethereum reach 100k?
On the blockchain, Ethereum is one of the most popular cryptocurrencies with a price in excess of $1000 and a market capitalization of over $50 billion. With the help of smart contracts, several banks have already embraced the technology and are using ethereum to issue securities. But with the growth of the technology and the high price of ether, is the cryptocurrency on the path to reach $100,000? Displaying the following text in your README along with any of the above snippets: Note: These are the examples snippets and don’t represent the quality of the final work. For that, please see my other work. The following is a list of examples of past work: Bitcoin reached $10k in value last December and now it’s stagnant. What about all the other cryptocurrencies? Can they reach $10k? And then $100k? Experts say that the value of ethereum will surpass the value of bitcoin in 2018. The price of ethereum is currently $300, which is 3,333% more than the price it was last year. Will it reach $10k by the end of this year? Only time will tell.
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