Mark Cuban talks about cryptocurrencies in his latest interview saying that he holds dogecoins.
Dallas Mavericks owner Mark Cuban recently revealed that he has bought more than 3,250 dogecoins with his son.
“And for the record, the only DOGE I own is the 3250 I bought with my 11 yr old and however much has been spent on Mavs merchandise and tickets. My only financial benefit is more people using it to buy Mavs stuff at Mavs.com” he tweeted.
So, there is a recurring theme playing out here.
“Mark Cuban recently revealed that he has bought more than 3,250 dogecoins with his son”
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“The reality is that even with crypto, SUPPLY AND DEMAND IS UNDEFEATED. Without demand, it’s all just talk and utility drives demand. DOGE may or may not survive long term, but it won’t be the first product whose users took it a new direction from its original intent and succeeded” tweeted Mark Cuban.
Mark Cuban talks about cryptocurrencies saying that he bought cryptocurrencies to help his son learn about trading
Cuban told Ellen DeGeneres in an episode of the “Ellen” show that Dogecoin helped his son learn about trading.
Mark Cuban talks about cryptocurrencies saying you have a better probability of winning than playing the lottery
He said he invested in Dogecoin because it is better than playing the lottery, as I wrote for the Deseret News.
“So, the question everyone wants to know, is Dogecoin a good investment? And here’s the reason I got Jake into it. It’s not necessarily the best investment you can make, but you can buy it on Robinhood, and signing up and trading on Robinhood is free. So that’s one thing” said Mark Cuban.
“DOGE may or may not survive long term, but it won’t be the first product whose users took it a new direction from its original intent and succeeded”
Mark Cuban talks about cryptocurrencies saying they cost the same as buying a lottery ticket
“The second thing is it’s about 26 cents per Dogecoin. So, if you go and spend $5, $10, $15, that’s a better investment than buying a lottery ticket. And you know what? It could go up” he added. “It’s also becoming a digital currency, which is crazy if you think back to its origins” said Mark Cuban.
Mark Cuban believes Dogecoin can succeed long-term if there is more education about cryptocurrency made available to the public, as explained in the Deseret News.
“Like all generational technologies, it takes a generation to grow up. Crypto is in the phase where users need to be educated and products and services need to be sold and deliver on their initial promises. Then, Crypto can mature to the point we wondered how we ever lived without” said Mark Cuban.