Market

Mark Cuban again word wars with Preston Pysh over Dogecoin

Billionaire Mark Cuban fought again for Dogecoin with businessman and podcaster Preston Pysh on Twitter.

After Cubans complained about crypto spam running out of control on Twitter, Pysh criticized him in May for “pumping” Dogecoin.

In response, the Dallas Mavericks boss still has guard In my opinion, Dogecoin is good to spend. Cuban believes the meme coin’s inflationary momentum could actually make it a better currency, which Tesla CEO Elon Musk agrees with.

Dogecoin co-founder Billy Markus has defended Cuba, saying it is annoying that keyboard warriors misinterpret people’s words.

The meme coin is currently down -80.24% from its all-time high in May. At the time of this writing, DOGE is trading at $ 0.15.

Source: TradingView

However, the billionaire pointed out that Dogecoin outperformed Bitcoin many times over in the past year.

Cuban and Pysh faced each other in heated live audio chat on Twitter Spaces in October. The “Shark Tank” star says he will continue to talk about Dogecoin despite opposition from Bitcoin maximalists. Cuban says it’s “fun” to be part of the coin meme community.

Although Cuban took an interest in Bitcoin during his crypto trip last year, he still doesn’t see the largest cryptocurrency as an inflation hedge and insists that BTC never will.

He believes the term “inflation hedge” is used as a marketing slogan by both Bitcoin and gold promoters.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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