Elon Musk, CEO of Tesla, and Mark Cuban, the millionaire star of the TV show Shark Tank, consider that dogecoin is the "strongest" cryptocurrency when it comes to using it as a means of payment. As you read it. To further promote the use of dogecoin, the NBA team Dallas Mavericks (which Cuban owns) will offer "special prices for those paying with dogecoin."
What is Dogecoin for?
Elon Musk, CEO of Tesla and Spacex, and billionaire owner of the NBA team Dallas Mavericks, Mark Cuban, have affirmed via Twitter their belief that the cryptocurrency meme of the shiba dog, dogecoin, is the "strongest" cryptocurrency. when paying for goods and services.
Cuban promoted DOGE in an interview with CNBC Make It last Friday, noting that dogecoin is "A means that can be used for the acquisition of goods and services." This is what the billionaire creator of the web broadcast.com had to say:
"The dogecoin community is the strongest when it comes to using it as a medium of exchange."
How could it be otherwise, Elon Musk (a well-known Bitcoin defender) responded via Twitter to Cuban's comment about dogecoin. Musk, who is sometimes known as the Dogefather (pun on "godfather" in English: godfather, tweeted: "I've been saying this for a long time."
In July, shortly after participating in The B Word, Musk reaffirmed his support for dogecoin by changing his profile picture to include a picture of the Shiba Inu dog that represents Doge. Tesla's boss recently confirmed that he owns and will not sell his dogecoin. His young son, X Æ A-12, also has some DOGE. In fact, it seems that the thing is serious, as Musk has also been lobbying publicly to improve Doge.
Who is Mark Cuban and why does his opinion matter?
Best known for his appearance as an investor on the ABC show "Shark Tank," Mark Cuban is one of America's richest and most controversial businessmen. It has come a long way from its humble beginnings in the Midwest.
Forbes magazine estimates Mark Cuban's net worth at $ 4.400 billion. Cuban achieved world fame after selling the web Broadcast.com to Yahoo for $ 5.700 billion shortly before the bubble burst dot com at the beginning of the millennium.
Cuban's Mavericks began accepting dogecoin in March. Since then, the Shark Tank star has revealed that "substantial sales" have been made with DOGE. She even urged popular host Ellen Degeneres to accept it at her store.
To further encourage the use of dogecoin for payments, Cuban tweeted Thursday that the Mavericks will make a special announcement on dogecoin. He called it "a summer merchandise sale with special prices for those who pay with dogecoin."
DOGE does not lack critical voices precisely. Cuban's Shark Tank co-star Kevin O'Leary, however, is among those who aren't as excited about the cryptocurrency meme. He recently said that he would not invest in dogecoin. "I don't understand why someone would do it". O'Leary added: “When you speculate on something like dogecoin, it is no different than going to Las Vegas and putting your money in the red or the black. It is pure speculation.
Is DogeCoin a scam?
In general terms, a good part of the experts of the crypto ecosystem have never taken the existence of Dogecoin seriously. Unlike the vast majority of cryptocurrencies (like ADA Cardano and its smart contracts), Dogecoin is not endorsing any kind of project and, generally speaking, its utility is close to zero.
There are many who disagree with Cuban and Musk on the merit of dogecoin, emphasizing that the crypto meme has an infinite supply. However, the infinite supply argument seems not to have dampened Cuban's enthusiasm for Doge.
En Café con Criptos We admit to feeling somewhat disconcerted. And the truth is that this feeling has been with us since the first moment Elon Musk publicly spoke out in favor of the dog's cryptocurrency. What for many was (and is) a trolled long that has made thousands of people earn and lose money seems to be taking another turn: What if Elon Musk really thinks Dogecoin is useful?
A recent Finder survey showed that a panel of experts expects the price of dogecoin to hit $ 1,21 in 2025 and $ 3,60 in 2030.
