Famous billionaire and crypto investor Mark Cuban shared his views on the cryptocurrency market. Accordingly, he made predictions about what would happen when people speculating in the market moved away from the area. He also specifically praised a meme coin project. The owner of the Dallas Mavericks team says the meme coin in question is “real money”.
Mark Cuban talked about this meme coin
Mark Cuban often comes up with his discourses about Bitcoin and altcoins. The billionaire talked about the state of the general market and a meme coin in the program he attended this time. To convey his views, this time he was a guest of the new episode of the podcast program Full Send. It was none other than the cryptocurrency Dogecoin (DOGE), which the famous businessman described as “real money”. First of all, Cuban explained how cheap and easy it is to transact on the Dogecoin network. He then talked about how good DOGE is for new entrants to the cryptocurrency space. According to him, DOGE is a “starter drug” for new investors.
However, this is not Mark Cuban’s first move and rhetoric about DOGE. As we have reported as Kriptokoin.com, Cuban continues to defend DOGE at every opportunity, like Elon Musk. The billionaire is also the current owner of the Dallas Mavericks, a basketball team in the USA. Dallas Mavericks implemented use cases like selling tickets with cryptocurrencies last year. The basketball team currently supports Bitcoin, Ethereum and DOGE. The payment method option for the meme coin arrived last year. At that time, Mark Cuban was supported by Dogecoin advocates.
“Dogecoin is real money for us”
After these words, the famous billionaire said that Dogecoin is real money for him. He also said that he has earned tens of thousands of dollars on meme coin. He stated that this profit comes from people buying and trading a lot of DOGE. He said that DOGE is real money, as he earns $10,000 a week. However, he also stated that people stopped speculating for Dogecoin. According to Cuban, people have lost a kind of air for DOGE. In addition to all this, Cuban also said that his son wanted to buy meme coin during the DOGE hype. Cuban’s 9-year-old son wanted to buy Dogecoin on Robinhood exchange to enter the cryptocurrency space.
Cuban also said that you should have a reason to invest in cryptocurrencies. He mentioned that if a cryptocurrency is driven by speculation, it will eventually disappear. According to Cuban, many blockchains and cryptocurrencies will disappear in the future. This is because 95% of existing networks have no reason to exist. At the time of writing, Dogecoin was changing hands at $ 0.062. Meme coin has gained 0.91% in the last 24 hours.
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