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Dogecoin investors were shocked by this revelation by Dogecoin supporter and American billionaire Mark Cuban!

American billionaire Mark Cuban, a high-profile proponent of cryptocurrencies, has revealed that he holds less than $500 (about Rs 37,170) in Dogecoin. The billionaire investor and Shark Tank star said this when a Twitter user asked him about Bitcoin and Dogecoin, who wanted to know which two cryptocurrencies have the most in his investment portfolio. Cuban has praised the Mime-based cryptocurrency as the strongest medium of exchange in the past. According to the Bloomberg Billionaires Index, Cuban has a net worth of $5.8 billion (about Rs 43,120 crore).

In a tweet, Cuban said that he owned the trade that his NBA team Dallas Mavericks sold. He tweeted, “Mavs has what we sold in merch.” “I personally have a DOGE worth $494 (approximately Rs 37,000),” he said. Cuban’s professional basketball team is one of the leading high-profile organizations that accept the mime-based currency as payment for tickets and merchandise.

In March of this year the Mavericks said it had become the first NBA team to accept Dogecoin. Recently, Cuban said that the team is ready to offer special prices for goods to those paying in Dogecoin, a cryptocurrency that also has the backing of another billionaire entrepreneur, Elon Musk.
However, some Twitter users were stunned to learn that Cuban who had invested in Iron Finance’s Titan token “hit” when its price fell from $64 (about Rs 4,740) in June to near zero within 24 hours. Yes, he had invested so little. Despite publicly supporting it in the past, Dogecoin and he criticized Cuban for it.

One user asked the billionaire to stop tweeting about Dodgecoin, saying that after his revelations there was a fear that people might lose money in a price crash.

In response to the criticism, Cuban said, “DOGEsphere is fun. Their memes are great. They’re fun. They make fun of themselves. It’s fun to be a part of it.”

He also said in another tweet that the flaws and simplicity of the virtual currency is its “greatest strength”.

Cuban became a billionaire in 1999 after selling his online video portal company Broadcast.com to Yahoo.
As of August 18 (2:00 pm IST), the price of Dodgecoin in India was Rs 23.9. Click here to check the prices of other major cryptocurrencies.<!–

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Damini Sharma
Experienced Senior Content Writer with a demonstrated history of working in the information technology and services industry. Skilled in SEO Copywriting, Web Content Writing, Storytelling, Blogging, and Social Media. Strong media and communication professional with a mass communication focused in Journalism from Sjmc davv indore.
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