Cuban — when requested by DeGeneres about cryptocurrencies — determined to elucidate the significance of Dogecoin. He stated his 11-year-old son, Jake, is concerned in Dogecoin, shopping for about $30 value.
- “So the query everybody needs to know, is Dogecoin funding? And right here’s the rationale I received Jake into it. It’s not essentially one of the best funding you can also make, however you should purchase it on Robinhood, and signing up and buying and selling on Robinhood is free. In order that’s one factor,” Cuban stated.
- “The second factor is it’s about 26 cents per Dogecoin. So for those who go and spend $5, $10, $15, that’s a greater funding than shopping for a lottery ticket. And what? It might go up,” he added. “It’s additionally changing into a digital forex, which is loopy for those who suppose again to its origins.”
- “However, total, when somebody brings up Dogecoin to you and asks you if it’s funding, I wouldn’t say it’s the world’s greatest funding, nevertheless it’s an entire lot higher than a lottery ticket and it’s an effective way to study and begin understanding cryptocurrencies,” Cuban stated.
Cuban’s historical past with Dogecoin
- “The best inhibitor to its progress is you can’t spend the Doge you purchase on Robinhood,” Cuban tweeted.
Robinhood CEO Vlad Tenev stated he’ll attempt to change the Robinhood app to permit folks to ensure they’ll withdraw their holdings, although.