Mark Cuban, the iconic billionaire investor of Shark Tank, has once again appeared to support crypto. He especially focused on useful altcoin projects and one of his favorite digital currencies, Dogecoin (DOGE). For details cryptocoin.com keep reading.
“This altcoin is superior in spending”
Giving examples of use cases for smart contracts, validators, and DAOs, Mark Cuban comments, “Token trading is the least important part of crypto.”
Being able to build businesses on decentralized platforms leveraging smart contracts, validators, DAOs and more creates the unique ability to deliver more efficient business processes and disrupt industries.
In response to a tweet on Twitter criticizing crypto as worthless currencies and praising companies for producing goods and adding value to the economy, the famous billionaire said:
Crypto is simply an exchange of currency. He hopes that someone else will pay more for that currency later. It’s only valuable because people believe something has value, not because it’s done better.
Mark Cuban noted on Tuesday DOGE’s superiority in spending compared to other cryptocurrencies. This came after a short Twitter crypto exchange with podcaster Preston Pysh. The podcast publisher pointed out that despite Mark Cuban’s positive assessment, DOGE fell 80.24% from its all-time high in May. Dogecoin co-founder Billy Markus acknowledged Mark Cuban’s stance and said that misrepresenting ideas is annoying.
In October, Preston Pysh questioned Cuban’s commitment to Dogecoin’s Bitcoin. The famous billionaire said that he will continue to talk about it even if he faces the backlash of Bitcoin maximalists. Now, in his latest tweet, Mark Cuban says Bitcoin will ‘never’ be an inflation hedge. Despite owning some Bitcoin, Mark Cuban states that he believes the words “inflation hedge” are nothing more than a marketing slogan developed by Bitcoin and gold proponents.
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