Billionaire Mark Cuban Says He Loves Dogecoin Because It’s A Fun, Cheap Way To Learn Crypto
During a recent live audio conversation on Twitter Spaces, billionaire Mark Cuban said that he would continue talking about Dogecoin despite facing pushback from Bitcoin maximalists.
Cuban says Dogecoin is “a great introduction” to the cryptocurrency space.
The “Shark Tank” host also believes that the meme cryptocurrency is a cheap way of learning about crypto.
Cuban explains that there is a low barrier to entry since it is enough to open an account with Robinhood and buy $ 25 from DOGE.
Now that Robinhood is rolling out its own wallets, Cuban says that Dogecoiners will be also able to easily spend their favorite meme coin at merchants of the likes of AMC. Finally, Cuban once again praised the Dogecoin community for its frivolity:
I think it’s a fun community to be part of.
Cuba’s meager dogecoin holdings
Despite being a strong supporter of Dogecoin, Cuban himself only has $ 1,500 in the coin itself.
After the billionaire had his commitment questioned by podcaster Preston Pysh, he urged the former to disclose his own position in Bitcoin to prove that he’s not a poser.
Cuban himself has described Bitcoin as the top store of value, but he doesn’t think it will be successful in payments (unlike Dogecoin).
“Vitalik will figure it out”
Speaking of Ethereum, Cuban says that he’s not arguing that there is a risk linked to Ethereum’s switch to proof-of-stake through the “difficulty bomb” mechanism.
However, he believes co-founder Vitalik Buterin will be able to figure things out:
I’m guessing that Vitalik will figure it out.
If Ethereum “fucks the dog,” Cuban expects other channels to take its place.
As reported by U.Today, Buterin also joined the advisory board of the recently re-established Dogecoin Foundation.
