Dallas Mavericks proprietor Mark Cuban doesn’t personal an excessive amount of Dogecoin, though he’s been a longtime supporter of the cryptocurrency.
How a lot Dogecoin does Mark Cuban personal?
Cuban not too long ago revealed that he owns about $500 value of dogecoins. That is regardless of his crew, the Dallas Mavericks, being the most important Dogecoin service provider as a result of it takes in dogecoins as fee for gear, in response to Business Insider.
- “The Mavs have what we offered in merch,” he stated in a tweet. “I personally personal $494 value of DOGE.”
Cuban’s reveal got here after somebody on social media requested him if his portfolio had extra Bitcoin or Dogecoin.
Mark Cuban and Dogecoin
Cuban has a historical past of selling Dogecoin to the general public. Again in Might, he made an look on “Ellen” — the daytime discuss present with host Ellen DeGeneres — and talked about Dogecoin to the general public.
Cuban stated he has allowed his son to get entangled with Dogecoin as a result of it teaches him classes about investing at a low value.
- “So the query everybody desires to know, is Dogecoin an excellent funding? And right here’s the explanation I received Jake into it. It’s not essentially one of the best funding you can also make, however you should buy it on Robinhood, and signing up and buying and selling on Robinhood is free. In order that’s one factor,” Cuban stated.
- “The second factor is it’s about 26 cents per Dogecoin. So if you happen to go and spend $5, $10, $15, that’s a greater funding than shopping for a lottery ticket. And what? It may go up,” he added. “It’s additionally changing into a digital foreign money, which is loopy if you happen to suppose again to its origins.”
Cuban has lengthy stated that the cryptocurrency token’s largest problem is that it’s laborious for folks to withdraw their Dogecoin holdings from the Robinhood app, and that there are restricted methods to make use of the dogecoins in on daily basis life, as I wrote for the Deseret Information.