Elon Musk Agrees with Mark Cuban Regarding Dogecoin

Celebrity businessman and billionaire– Mark Cuban makes a statement on CNBC Make It that “dogecoin is the strongest medium of exchange.” In response to the interview, Tesla owner Elon Musk– colloquially known as the ‘Doge Father– twitted to let Cuban know, he agrees with what he said.

Mark Cuban’s Merchandise, Dallas Mavericks Accepting Dogecoin

In March, the popular judge in the reality entrepreneur show “Shark Tank” — Mark Cuban’s Merchandise began to accept the meme-inspired cryptocurrency, dogecoin. The Dallas Mavericks team owner Mark Cuban noted that a significant number of deals were sealed with the use of dogecoin. 

To continue to receive dogecoins as a medium of exchange from the customers, Mark Cuban announced on Thursday that during the Dallas Maverick’s summer sale, dogecoin payers would get “special pricing” offers.

Dallas Mavericks team owner, Mark Cuban put out incentives for fans to pay in dogecoin to purchase merchandise. Source: https://www.wfaa.com/

Earlier in the past, Mark Cuban has conceded that dogecoin isn’t the best venture, despite his bullish viewpoint. However, Cuban possesses dogecoin with his 11-year-old son, Jake, alongside bitcoin and altcoins like ether.

As per the CNBC interview, it seems Cuban’s perspective has changed. He said, “It’s a medium that can be used for the acquisition of goods and services,” and later adds to this, “The community for doge is the strongest when it comes to using it as a medium of exchange.”

In the month after his merchandise started accepting dogecoin as a medium of exchange of goods and services from Dallas Mavericks, Mark Cuban has made affirmative statements on various platforms regarding dogecoin.

In April, Mark Cuban on Ellen DeGeneres Show said, “And then you got dogecoin, which is just fun. But the weird part about it [is that] it went from being a cryptocurrency joke to now becoming something that’s becoming a digital currency.”

In the same month, Cuban tweeted that dogecoin was the “only currency” people popularly make payments and accept as a means of exchange. Recently he also tweeted that, “The point about DOGE that people miss is that DOGE’s imperfections and simplicity are its greatest strengths. You can only use it to do 2 things: Spend It or HODL It. Both are easy to understand. And it’s cheap to buy. Which makes it a community anyone can join and enjoy.”

Elon Musk Agrees with Cuban’s Statement That “Dogecoin Is the Strongest Medium of Exchange”

After CNBC published the article based on the interview with Celebrity Entrepreneur Mark Cuban’s statement that dogecoin is the strongest cryptocurrency for exchange. Elon Musk tweeted in response backing his statements, “I have been saying that for a while.”

In the wake of stopping Tesla’s acceptance of bitcoin in May, Musk said he was working with dogecoin developers to further develop the cryptocurrency organization’s exchange effectiveness – even though there have so far been no more insights concerning his advancement.

Dogecoin prices surge up as the inspiring celebrity entrepreneurs praised dogecoin’s effectiveness as a medium of exchange. Source: Market Research Telecast

The celebrity businessmen’s — Mark Cuban and Elon Musk– fandom has influenced the prices of dogecoin to rallied up by 4.7%.

Market analysts and critics haven’t yet been able to put their finger on the hype around dogecoin. It started as a joke and is driven by the hype and fan following of the ‘Doge Father’ – Elon Musk.

Also Read: Dogecoin Shows A Green Candle After Musk’s Tweet