Although billionaire investor Mark Cuban has warned people to be cautious with cryptocurrency, he lately stated digital assets — from digital items to cryptocurrencies like bitcoin — would be the future of business.
And Cuban has invested in cryptocurrency himself, each in business and personally. In reality, Cuban has an in depth cryptocurrency pockets, which he shared on Tuesday in a Reddit AMA: “I personal AAVE and Sushi, together with Eth, BTC and LTC,” Cuban stated. (AAVE, Sushi and ETH, or ether, are cryptos that run on Ethereum blockchain. LTC, or litecoin, a bitcoin spinoff.)
So what in regards to the a lot talked about dogecoin? The cryptocurrency was created as a parody in 2013, nevertheless it surged over 50% on Thursday after Elon Musk tweeted his assist and it additionally had the attention of Reddit group SatoshiStreetBets in January. (Dogecoin was based on the “doge” meme, which concerned a Shiba Inu canine.)
Nonetheless, even with the surge, dogecoin continues to be solely priced at $0.0462 as of 10:49 a.m. ET on Friday. And Cuban doesn’t appear to be a fan.
“If I had to decide on between shopping for a lottery ticket and #Dogecoin … I’d purchase #Dogecoin,” Cuban tweeted on Wednesday. “However please do not ask me to decide on between it and anything.”
And that is as a result of shopping for “lottery tickets are worse than any funding,” in response to Cuban.
Disclosure: CNBC owns the unique off-network cable rights to “Shark Tank.”
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