Billionaire Mark Cuban admits to owning more than 3,000 Dogecoins, but he is skeptical that DOGE will become a commonly utilized payment method. He also admits to owning 3,250 Dogecoins, which he purchased together with his son.
<h2><span style="font-weight: 400">Mark Cuban &amp; His Son Own Dogecoins Together</span></h2>
Billionaire Mark Cuban <a href="https://twitter.com/mcuban/status/1393623463626219520" target="_blank" rel="nofollow noopener">admits </a>to having over 3,000 Dogecoins, but he is unconvinced that DOGE will become a popular payment mechanism. He also admits to having 3,250 Dogecoins, which he bought with his son.

<span style="font-weight: 400">That's only $1,625 in fiat; however, Cuban also gets DOGE from people who purchased Mavericks (the NBA team he owns) tickets and merchandise on the team's website.</span>

[embed]http://twitter.com/mcuban/status/1393623463626219520[/embed]

<span style="font-weight: 400">The team introduced DOGE payments earlier this year, along with a few other well-known organizations selling goods and services, which, along with<a href="https://www.cryptoknowmics.com/news/elon-musk-says-dogecoin-can-beat-bitcoin-if-major-network-alterations-are-implemented/"> Elon Musk's comments</a>, drove the Dogecoin price upwards.</span>
<h2><span style="font-weight: 400">DOGE Has The Potential To Transform The Game, But It Has A Flaw</span></h2>
<span style="font-weight: 400">Dogecoin might become a <a href="https://www.cryptoknowmics.com/news/mark-cuban-sees-dogecoin-as-a-potential-currency/" target="_blank" rel="nofollow noopener">"legitimate payment method,"</a> according to Shark Tank co-host Cuban (the other host is Kevin O'Leary, or Mr. Wonderful, a former crypto hater who has now "converted" to Bitcoin). Dogecoin has utility, and usefulness produces growth in demand.</span>

<span style="font-weight: 400">However, he <a href="https://twitter.com/mcuban/status/1393622093745565696" target="_blank" rel="nofollow noopener">believes </a>Doge’s prospects of long-term survival are approximately equal. Although </span><span style="font-weight: 400">Dogecoin has so far succeeded, and users might take it in a different path than what was originally planned, he noted. To refresh your memory, Dogecoin was created in 2013 as a spoof of Bitcoin - a cryptocurrency based on the Shiba Inu meme.</span>

<i><span style="font-weight: 400">“It's just rhetoric until there's demand, and demand is driven by utilities. DOGE may or may not survive in the long run, but it will not be the first product whose consumers successfully diverged from its initial aim.”</span></i>

Mark Cuban And His Son Purchase DOGE Yet Still Remain Skeptic

Mark Cuban & his son purchased approximately 3,300 DOGE together. He believes that this asset is a fantastic place to learn about cryptocurrency investing.

Kavya Barua is a voracious learner who is fascinated by crypto and Fintech advancements. Graduated from Janki Devi Memorial College's B.A (Hons) English program at the University of Delhi. She aspires to be a successful professional, having a keen interest in learning and achieving results.

Mark Cuban And His Son Purchase DOGE Yet Still Remain Skeptic

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