Billionaire Mark Cuban Is 'Very Bullish' on Forthcoming Ethereum 'Merge,' Here's Why

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Billionaire Mark Cuban Is 'Very Bullish' on Forthcoming Ethereum 'Merge,' Here's Why
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ICYMI: Mark Cuban suggested two reasons why he believes the upcoming upgrade will be very important for Ethereum ETH $ETH

owner of the Dallas Mavericks

Ethereum miners will no longer consume massive amounts of energy and reduce the negative impact of Ethereum on the environment. Energy consumption is expected to drop by 99%. Proof-of-stake verifies transactions based on the amount of coins staked by validators. The second reason is that there is a great likelihood that the circulating supply of ETH will shrink since a lot fewer coins will be minted. Then, ETH will become more scarce with the price going up.Here's why Cuban became excited about Ethereum

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