Mark Cuban Increases Dogecoin Investment! How Much DOGE Does a Billionaire Have?

Lead investor and billionaire Mark Cuban, who owns the Dallas Mavericks, stated in an interview with FOX Business on Monday that people use Dogecoin to buy thousands of dollars of Mavericks products each month. According to Billionaire, on the Mavericks online store, people prefer to pay with DOGE rather than Bitcoin. Noting that he has increased his investments in the leading internet meme crypto currency, Cuban stated that he bought Dogecoin just for fun.

“Mark Cuban says a lot of people are paying with Dogecoin and the Dallas Mavericks are selling thousands of dollars a month in the off-season. He predicts these numbers will increase rapidly as the season begins.

Also bought more Doges!”

“Not All Cryptos Are The Same”

Businessman and billionaire Mark Cuban tells FOX Business that all cryptocurrencies are different; He said that they have different benefits, but that together they will change the future.

Cuban says Bitcoin is better than gold and is “a great alternative to a store of value”; He praised Ethereum, the second largest cryptocurrency, for its ability to provide smart contracts, security, and distributed governance. Cuban also stated that he believes many businesses will base their operations on Ethereum in the future. The billionaire also mentioned DeFi and NFTs in his speech.

“Many People Are Shopping With Dogecoin”

Mark Cuban also shared that people prefer to use DOGE for payments when purchasing goods from the Dallas Mavericks online store and paying for game tickets. According to Cuban, who says that people do not prefer to pay with Bitcoin, this is because Bitcoin is “a truly remarkable asset”.

However, the Mavericks online store earns “thousands and thousands of dollars” of Dogecoin every month, even out of season. As soon as the season starts, the billionaire expects these big payouts at DOGE to happen every week. The billionaire says this is because the price of Dogecoin isn’t gaining much value, so people don’t use it as a store of value, but they “want to hold onto it forever.”

Cuban DOGE Increases Investment “Just for Fun”

The owner of the Dallas Mavericks also admitted that he is adding more Doge tokens to his collection and holding these coins just for fun. Earlier this year, the billionaire announced that he has invested a little less than $500 in this crypto, which was created as a parody of Bitcoin.

But now Cuban’s DOGE stash is worth about $1,500. The billionaire, who told the interviewer that he did not think Dogecoin was a great investment, instead said that DOGE; He said it’s a good way to learn how crypto works and how to invest. Cuban has also stated in recent months that DOGE is much better than a lottery ticket. The 11-year-old son of the owner of the Mavericks club, Jake, is also a DOGE investor, and the father and son jointly have investments of $ 4,300.


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