Tesla CEO Elon Musk and Shark Tank star Mark Cuban see dogecoin
as the “strongest” cryptocurrency when it comes to using it as a means
of payment. To promote the use of dogecoin further, the NBA team Dallas
Mavericks will be offering “special pricing for those who pay with
dogecoin.”
Elon Musk Agrees With Mark Cuban That Dogecoin Is the ‘Strongest’ Medium-of-Exchange Crypto
Tesla and Spacex CEO Elon Musk and the billionaire owner of the NBA
team Dallas Mavericks, Mark Cuban, have affirmed their belief that the
meme cryptocurrency dogecoin is the “strongest” cryptocurrency when it
comes to paying for goods and services.
Cuban touted DOGE in an interview with CNBC Make It on Friday. Noting
that dogecoin is “a medium that can be used for the acquisition of
goods and services,” he said:
The community for doge is the strongest when it comes to using it as a medium of exchange.
Replying to Cuban’s comment about dogecoin, Musk, who is sometimes
known as the Dogefather, tweeted: “I’ve been saying this for a while.”
In July, Musk reaffirmed
his support for dogecoin by changing his profile picture to include an
image of the Shiba Inu dog that represents Doge. The Tesla technoking recently confirmed that he owns and will not sell his dogecoin. His baby son, X Æ A-12, also owns some DOGE. Moreover, Musk has also been pushing for Doge improvements.
Cuban’s Mavericks started accepting dogecoin in March. Since then,
the Shark Tank star has revealed that “substantial sales” have been made
with DOGE. He even urged popular talk show host Ellen Degeneres to accept it at her shop.
To encourage the use of dogecoin for payments further, Cuban tweeted
Thursday that the Mavericks will make a special announcement about
dogecoin. He called it “a summer merch sale with special pricing for
those who pay with dogecoin.”
Some people disagree with Cuban and Musk on the merit of dogecoin, emphasizing that the meme crypto has an infinite supply. However, the infinite supply argument did not lessen Cuban’s enthusiasm for Doge.
Cuban’s co-star on Shark Tank, Kevin O’Leary, however, is among those
who are not so keen on the meme cryptocurrency. He recently said
he would not invest in dogecoin. “I don’t understand why anybody
would.” O’Leary added: “When you speculate on something like dogecoin,
that’s no different than going to Las Vegas and putting your money on
red or black. It’s pure speculation.”
A recent survey by Finder showed that a panel of experts expect the price of dogecoin to hit $1.21 by 2025 and $3.60 by 2030.
source link : https://news.bitcoin.com/elon-musk-mark-cuban-dogecoin-strongest-cryptocurrency-payments/
