This is the reason why Mark Cuban is ‘‘Very Bullish on Ethereum 2.0

Mark Cuban argued that Ethereum’s transition to ETH 2.0 should make the protocol less harmful to the environment and turn ether into a deflationary asset.

Mark Cuban argued that Ethereum’s transition to ETH 2.0 should make the protocol less harmful to the environment and turn ether into a deflationary asset.
US billionaire Mark Cuban is excited about Ethereum’s transition from a proof-of-work to a proof-of-stake model for two main reasons. He believes the so-called merge will significantly decrease the protocol’s power consumption and could turn Ether into a deflationary asset.

‘I’m Very Bullish’
One such person is the proprietor of The Dallas Mavericks – Mark Cuban. He stated that after the transition, Ethereum could have a broadly greener focus, which should grow its adoption among the broader population.

Additionally, Cuban anticipated that the transition will “probable make” Ether deflationary asset. The billionaire defined that the coins’ delivery will lessen drastically, whilst the system of minting new ETH may be slower.

Cuban stated he had now no longer invested withinside the Beacon Chain however admitted to allocating a number of his wealth to ETH and several projects built on the Ethereum blockchain.

Cuban views Ethereum as a Great Investment Option
Although he has been against the asset class in the past, the entrepreneur is currently a strong supporter. He often praises the merits of bitcoin, arguing that it is a better financial instrument than gold. His NBA team, the Dallas Mavericks, accepts digital assets as payment for tickets and derivatives, even the famous meme coin is one of them.

Previously, he provided three reasons why Ethereum will “dominate” Bitcoin in the future. These are the higher number of transactions, the diversity of transaction types, and Vitalik Buterin’s efforts to develop the cryptocurrency idea.