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- Billionaire Mark Cuban has gotten into another Twitter battle with Pennsylvania-based entrepreneur and podcaster Preston Pysh over Dogecoin.
- After complaining about out-of-control cryptocurrency spam on Twitter, Cuban was accused by Pysh in May for “pushing” Dogecoin, the meme cryptocurrency.
In may, Cuban was accused by Pysh in May of “pushing” Dogecoin. The owner of the Dallas Mavericks defended his comments on Dogecoin being a great currency for spending. Elon Musk, CEO of Tesla, agrees with Cuban that the meme coin’s inflationary features might actually make it a better currency.
Doge’s father, Elon musk has always been upfront about doge and calling out bitcoin for a weak transaction foundation.
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Dogecoin was and will always be a better option for transaction
Billy Markus, the co-founder of Dogecoin, defended Cuban, saying it’s irritating when keyboard warriors mistake people’s remarks.
Cuban, on the other hand, points out that Dogecoin has greatly beaten Bitcoin over the last year.
During a heated live audio debate on Twitter Spaces in October, Cuban and Pysh battled. Despite the resistance of Bitcoin enthusiasts, the “Shark Tank” star has declared that he will continue to debate Dogecoin. Being a part of the meme coin’s community, according to Cuban, is “fun.”
Despite the fact that Cuban warmed up to Bitcoin throughout his cryptocurrency journey last year, he still does not consider it as an inflation hedge. In his most recent tweet, he believes that Bitcoin will “never” become a cryptocurrency.
He believes that proponents of both Bitcoin and gold are exploiting the term “inflation hedge” as a marketing ploy.
Bitcoin is not a safe investment
Despite warming up to Bitcoin throughout his cryptocurrency journey last year, Cuban still does not see the benchmark cryptocurrency as a hedge against inflation. In a recent tweet, he stated that Bitcoin will “never” become a transaction method.
He feels that supporters of Bitcoin and gold utilize the term “inflation hedging” as a marketing trick.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
