Billionaire entrepreneur Mark Cuban has called his Dallas Mavericks online store the largest Dogecoin merchant after processing more than 20,000 Dogecoin in Transactions.
Dogecoin might have had its fifteen minutes of fame before Mark Cuban became involved. Elon Musk spent over two weeks tweeting about the meme project in February, and DOGE flew to new highs.
While the price has returned somewhat closer to normal, this has not stopped influential crypto bulls from talking about it. Others are engage with the project in more meaningful ways. For example, Mark Cuban, billionaire entrepreneur and owner of the Dallas Mavericks NBA team, recently added Dogecoin as a payment method on its online store.
The Mavericks have delved into crypto payments before. Cuban previously announced the addition of Bitcoin as a payment method on the store.
Dogecoin Popularity Continues
Mark Cuban’s adding Dogecoin might have raised some skepticism.
Cuban tweeted recently on the addition, calling the Dallas Mavericks the largest Dogecoin merchant in the world. Furthermore, “we have done over 20,000 Dogecoin in transactions”. The billionaire went on to say that, “Dogecoin will definitely hit $1!!!”
One twitter user reached out to him about the addition of Dogecoin. Cuban retorted that he was having fun.
Cuban has flip-flopped on his opinion regarding cryptocurrencies. Previously, the billionaire compared Bitcoin to a banana, but with the caveat at least he could eat a banana. He also called Bitcoin better than gold.
Cuban for Crypto
But it appears the open-minded Cuban has changed his approach entirely towards the market. He has even engaged in non-fungible tokens (NFTs), and recently commented on it. He compared internet adoption with blockchain development, and believes that accessibility and ease-of-use are key to widespread blockchain adoption. Cuban personally has commented on NFTs as being “game changing”.
While Cuban has called for a $1 DogeCoin target, it is hard to tell if the billionaire is simply trolling the community or if he really believes the project can hit $1. However, his twitter profile does describe him as being the “World’s worst joker teller”.
Perhaps for now we can consider that Cuban is simply enjoying the market and learning about the way things work. It is unlikely that Dogecoin will ever hit $1. But what is clear is that cryptocurrency adoption is spreading, especially through larger investors and corporations.
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