The “Shark Tank” Star, Billionaire Mark Cuban, Shuts Down Dogecoin Critic

Billionaire Mark Cuban remains a supporter of the Dogecoin community.

Billionaire Mark Cuban has spat with Pennsylvania-based entrepreneur and podcaster Preston Pysh on Twitter over Dogecoin.

After complaining about out-of-control cryptocurrency spam on Twitter, Cuban was chastised by Pysh for “pumping” Dogecoin, the first meme cryptocurrency, back in May.

In response, the owner of the Dallas Mavericks justified his remarks about Dogecoin being excellent for spending. Elon Musk, CEO of Tesla, agrees with Cuban that the meme coin’s inflationary tendencies might actually make it a better currency.

Billy Markus, co-founder of Dogecoin, defended Cuban, saying it’s irritating when keyboard warriors misinterpret people’s remarks.

The flagship canine coin is currently down 80.24% from its all-time high, which was set in May.

Cuban, on the other hand, points out that Dogecoin has substantially outperformed Bitcoin over the last year.

Cuban and Pysh clashed in October during a heated live audio chat on Twitter Spaces. Despite opposition from Bitcoin maximalists, the “Shark Tank” star stated that he will continue to discuss Dogecoin. Cuban described being a member of the meme coin’s community as “fun.”

Even though Cuban warmed up to Bitcoin throughout his cryptocurrency voyage last year, he still doesn’t see it as an inflation hedge. In his most recent tweet, he claims that Bitcoin will “never” become one.

He feels that both Bitcoin and gold proponents are using the term “inflation hedge” as a marketing gimmick.

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