Speaking on the Ellen DeGeneres Show today, billionaire entrepreneur Mark Cuban has explained why DOGE seems a good thing to him, also touching on Bitcoin and Ethereum.
Preferring Bitcoin to a banana now?
According to Mark Cuban’s Monday tweet, today he was going to be on the Ellen DeGeneres Show to talk about DOGE.
The famous entrepreneur, who as early as last year, laughed at Bitcoin publicly, saying that he would rather invest in bananas, since they are edible and Bitcoin is not, has become converted into the “new faith” of NFT’s and digital currencies that he used to despise.
On the show, he told the host Ellen DeGeneres that Bitcoin is a digital analogue of gold, Ethereum is a digital equivalent of currency and NFT is a cool digital collectible that kids can carry in their phones, buy and sell them as they would do with physical collectible items.
“Dogecoin is better than a lottery ticket”
Cuban also told the host about Dogecoin that he has recently become a big fan of. The billionaire explained that the coin started as a joke back in 2013 and a few months ago it turned into a real craze and been going up in price (mostly thanks to Elon Musk tweets).
Mark Cuban shared that he had bought some DOGE with his son Jake. He believes that Dogecoin is good to invest in since people are using this coin actively now and more and more large western companies are accepting DOGE as payment now.
Even if it does not go up in price, anyone can always use DOGE to spend and buy something on the Mavericks Store (the store of the NBA’s Dallas Mavericks team owned by Cuban) – tickets to future games or merchandize.
The store accepts DOGE via BItPay. In April, the crypto transaction operator expects to have 6,000 of DOGE transactions with the Mavericks Store.
Elon Musk’s favorite coin
DOGE remains favorite coin of the visionary Tesla and SpaceX CEO Elon Musk. Tesla holds Bitcoin on its balance sheet and accepts it as payment for automobiles.
Earlier today, Elon Musk tweeted, in response to Dave Portnoy’s war tweet that Tesla had only sold ten percent of its BTC to prove Bitcoin’s liquidity but Musk also said that he had not sold any of his Bitcoin, thus confirming that he also owns BTC.
He also keeps supporting DOGE with his tweets, recently taking it to the $0.44 all-time high tweeting a Shiba-Inu (the symbol of DOGE) barking at the Moon.