Mark Cuban is an American well-known investor and billionaire. He is an outspoken supporter of the crypto industry and a few coins in particular. That’s how he often speaks praising the meme coin dogecoin (DOGE) and the potential this cryptocurrency has in terms of payments.
Bitcoin and Dogecoin
A while back, Cuban mentioned dogecoin as the cryptocurrency that would be most suitable for use in payments. Better than for example bitcoin (BTC) or ethereum (ETH).
Mark Cuban has been the owner of the Dallas Mavericks basketball team since 2000. In March of this year, he already decided that it will be possible to buy tickets for matches and certain merchandise buy with dogecoin.
He therefore firmly believes in the potential of dogecoin as a full-fledged means of payment and with his point of view he is placed in the same list as people such as Tesla CEO and billionaire Elon Musk.
Criticism
It seems very likely that Cuban will not change his position for the time being. He continues to defend dogecoin despite receiving a lot of criticism from certain circles within the crypto community.
Bitcoin ‘maximalists’ in particular, i.e. people who really only see salvation in bitcoin, lash out at Mark Cuban for his confidence in the meme coin. Cuban, however, does not care much about this.
So true. Bitcoin does embody the American ethos of today. “Scream at everyone that doesn’t agree with you about why you are right about what you think is important”
— Mark Cuban (@mcuban) October 16, 2021
In addition, Cuban indicates that he finds the dogecoin community very interesting. This community is obviously very fanatical in supporting dogecoin and has a prominent presence on social media platforms such as Twitter.
According to Cuban, this dogecoin community is an easy and inexpensive way to learn more about the world of cryptocurrencies:
“I think it’s a fun community to be a part of.”
Despite Cuban’s support and praise, that does not mean that he owns a large amount of dogecoin. Cuban claims to have invested only $1,500 in the cryptocurrency.
