Dallas Mavericks proprietor Mark Cuban has as soon as once more proven his love for Dogecoin (CRYPTO: DOGE) over apex cryptocurrency Bitcoin (CRYPTO: BTC).
What Happened: Cuban agreed with a remark by a Twitter consumer that Dogecoin and its knockoff cash are the “gateway drug” to Bitcoin.
— Mark Cuban (@mcuban) January 18, 2022
A gateway drug refers to an introductory drug whose use is believed to result in using extra extreme medicine over a time frame.
Other Twitter customers responded to the tweet by displaying their assist for both Dogecoin or Bitcoin.
One Dogecoin supporter stated he wouldn’t have owned the quantity of Bitcoin that he presently holds with out the assistance of Dogecoin.
Dunno about kissing their ass? Bitcoin was/is inevitable. But I do agree that it sped up the method and gave retail tadpoles like me an opportunity to double(or higher) there cash. I wouldn’t personal close to the quantity of #BTC I do with out Doge.
— Mike Markle (@KindCryptoGuy) January 17, 2022
Another Twitter consumer stated he feels that Dogecoin is the gateway drug to extra meme cryptocurrencies, whereas a Bitcoin fan stated that the apex cryptocurrency launched him to the world of cryptocurrencies.
Wrong mate. #Doge is gateway drug to extra memecoins. Honestly thats what i believe sir.
— Chris Lee (@ChrisLee77777) January 17, 2022
See Also: How To Buy Dogecoin (DOGE)
Why It Matters: Cuban is a giant proponent of Dogecoin — which shot to prominence final 12 months, in main half as a result of endorsement from Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk.
The Dallas Mavericks turned one of many first entities to start accepting Dogecoin for ticket purchases and merchandise in March final 12 months and a slew of different firms — together with AMC Entertainment Holdings, Inc. (NYSE:AMC) — adopted swimsuit.
The meme cryptocurrency can also be seeing excessive curiosity from retail buyers.
Last week, Cuban defended his feedback about Dogecoin being higher fitted to funds than Bitcoin and stated that the apex cryptocurrency won’t ever be a hedge in opposition to inflation.
Price Action: Bitcoin is down 0.9% in the course of the previous 24 hours, buying and selling at $41,847.96 at press time, whereas Dogecoin is down 1.9% to $0.1663.
Read Next: This Play-To-Earn Coin Named After Elon Musk’s Pet ‘Floki’ Is Up Over 800% Today Even As Dogecoin And Shiba Inu Slump
Photo: Courtesy of Gage Skidmore through Wikimedia
https://www.benzinga.com/markets/cryptocurrency/22/01/25102090/dogecoin-is-the-gateway-drug-to-bitcoin-mark-cuban-agrees
