Elon Musk and Mark Cuban consider Dogecoin to be “the strongest cryptocurrency for payments”
2 min readTesla CEO Elon Musk and Shark Tank star Mark Cuban consider Dogecoin to be the strongest cryptocurrency when used as a means of payment. To further promote the use of DOGE, the NBA Dallas Mavericks team will offer “special prices for those who pay with Dogecoin.”
Elon Musk agrees with Mark Cuban that Dogecoin is the strongest medium of exchange
Tesla and Spacex CEO Elon Musk and billionaire Dallas Naver team owner Mark Cuban have confirmed their belief that Dogecoin cryptocurrency is the strongest cryptocurrency in terms of payments for goods and services.
Cuban mentioned DOGE in an interview with CNBC on Friday. He noted that Dogecoin is “a means that can be used to obtain goods and services,” he said:
“The DOGE community is strongest when it comes to using it as a medium of exchange.”
In response to his commentary on Dogecoin, Musk, sometimes known as Dogefather, tweeted, “I’ve been saying this for some time.”
I’ve been saying this for a while
– Elon Musk (@elonmusk) August 14, 2021
In July, Musk reaffirmed his support for Dogecoin by changing his profile picture to include a picture of Shiba Inu’s dog. The CEO of Tesla and SpaceX recently confirmed that he owns the cryptocurrency and does not intend to sell it. His son X Æ A-12 also owns a DOGE. In addition, Musk is also pushing to improve the meme coin.
The NBA team Dallas Mavericks began accepting Dogecoin in March. Since then, the star Shark Tank has revealed that “significant sales” have been achieved with DOGE. He even urged popular talk show host Ellen Degeneres to accept it in her store.
To encourage Cuban to support the use of DOGE for further payments, on Thursday tweeted that Mavericks will issue a special announcement. He called it “the summer sale of goods at special prices for those who pay with Dogecoin.”
However, some people disagree with Cuban and Musk about the benefits of Dogecoin and stress that the cryptocurrency has an infinite supply. However, the argument of endless supply does not diminish their enthusiasm for the Doge.
Another Shark Tank star, Kevin O’Leary, is among those not so excited. He recently said he would not invest in the Doge and added:
“I do not understand why anyone would do that. When you speculate on something like Dogecoin, it’s like going to Las Vegas and betting money on red or black. It’s pure speculation. “
Recent survey Finder has shown that experts expect the price of Dogecoin to reach 1.21 by 2025 and 3.60 by 2030.
Do you agree with Elon Musk and Mark Cuban about Dogecoin?
