Mark Cuban: NBA Fans Prefer Paying with Dogecoin Because Bitcoin Is an Appreciable Asset

The owner of the professional basketball team the Dallas Mavericks – Mark Cuban – revealed that people don’t like buying tickets with their Bitcoin holdings because it is an appreciable asset. Instead, they employ Dogecoin, which is “easy to spend.” ‘Bitcoin Is a Little Bit of a Different Animal’ During an interview for Fox Business, the American billionaire Mark Cuban shared his views on some of the most popular cryptocurrencies. Starting with bitcoin, he said the asset is a “great alternative store of value.” Cuban went further, opining that it is even better than gold, and is also much different than the alternative coins. “Bitcoin is a little bit of a different animal as crypto as a whole.” Not long ago Dallas Mavericks started accepting crypto payments for game tickets and merchandise on its online store. However, Cuban said NBA fans are not keen on purchasing tickets via BTC as they hold the asset for the long-term and expect its price to increase in time: “Not a lot of people pay in bitcoin because it is really an appreciable asset. It’s a store of value and they want it to go up in value.” On the other hand, many employ Dogecoin as a buying option as they have an entirely different attitude towards the meme token: “We sell thousands and thousands of dollars per month during the off-season, and once the season starts I expect that to happen per week in Dogecoin – and that’s really because it’s easy to spend, it doesn’t appreciate so much that people want to hold it forever.” Speaking of his personal investment in the meme coin, Cuban said he had increased it from $500 to $1,500 recently, explaining he bought “a little bit more for fun.” Nevertheless, he described DOGE as a way to understand how digital assets function, not as a successful investment instrument: “I’ve never told anybody it’s a great investment, I’ve often said it’s a great way to understand how cryptocurrency works, how to invest in the market.” Mark Cuban, Source: CNBC Is Investing in DOGE a Wise Decision? The meme…

Source: Mark Cuban: NBA Fans Prefer Paying with Dogecoin Because Bitcoin Is an Appreciable Asset

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