Tesla and Spacex CEO Elon Musk and the billionaire owner of the NBA team Dallas Mavericks, Mark Cuban, have affirmed their belief that the meme cryptocurrency dogecoin is the “strongest” cryptocurrency when it comes to paying for goods and services.
Cuban touted DOGE in an interview with CNBC Make It on Friday. Noting that dogecoin is “a medium that can be used for the acquisition of goods and services,” he said:
The community for doge is the strongest when it comes to using it as a medium of exchange.
Replying to Cuban’s comment about dogecoin, Musk, who is sometimes known as the Dogefather, tweeted: “I’ve been saying this for a while.”
In July, Musk reaffirmed his support for dogecoin by changing his profile picture to include an image of the Shiba Inu dog that represents Doge. The Tesla techno king recently confirmed that he owns and will not sell his dogecoin. His baby son, X Æ A-12, also owns some DOGE. Moreover, Musk has also been pushing for Doge improvements.
Cuban’s Mavericks started accepting dogecoin in March. Since then, the Shark Tank star has revealed that “substantial sales” have been made with DOGE. He even urged popular talk show host Ellen Degeneres to accept it at her shop.
To encourage the use of dogecoin for payments further, Cuban tweeted Thursday that the Mavericks will make a special announcement about dogecoin. He called it “a summer merch sale with special pricing for those who pay with dogecoin.”
Some people disagree with Cuban and Musk on the merit of dogecoin, emphasizing that the meme crypto has an infinite supply. However, the infinite supply argument did not lessen Cuban’s enthusiasm for Doge.
Cuban’s co-star on Shark Tank, Kevin O’Leary, however, is among those who are not so keen on the meme cryptocurrency. He recently said he would not invest in dogecoin. “I don’t understand why anybody would.” O’Leary added: “When you speculate on something like dogecoin, that’s no different than going to Las Vegas and putting your money on red or black. It’s pure speculation.”
A recent survey by Finder showed that a panel of experts expect the price of dogecoin to hit $1.21 by 2025 and $3.60 by 2030.