Mark Cuban, owner of Dallas Mavericks, one of the NBA teams known for his support for Dogecoin, the largest of the meme tokens, continues to defend Dogecoin.
Preston Pysh, a well-known Twitter user and prominent with his support for Bitcoin, accused Mark Cuban of supporting a cryptocurrency that lost 80% of its value.
In his post, Pysh stated that DOGE has lost value since Cuban started advocating for DOGE, and added a chart showing DOGE’s 80% depreciation.
Now do a 1 year performance comparison. I said Doge was good for spending and better than a lottery ticket. You still think btc is an inflation hedge ? It’s not and will never be. Doge/btc is flat last 30 days. #maxisgonnamaxi #btcisdigitalgold
— Mark Cuban (@mcuban) January 11, 2022
During the peak of DOGE, he did not neglect to respond to the sharing of Preston Pysh, the American billionaire who supported Dogecoin by sharing frequently.
Claiming that the charts of both Dogecoin and Bitcoin are horizontal, Cuban argued that Dogecoin is a better payment tool compared to Bitcoin, and DOGE outperformed BTC last year.
Cuban also underlined that Bitcoin cannot be considered as a hedge against inflation.
*Not investment advice.