Mark Cuban has again clashed on Twitter with Preston Pysh, a Pennsylvania-based entrepreneur and podcaster.
Cuban drew fire from Pysh for “pumping” Dogecoin, the original meme cryptocurrency, back in May, after complaining about out-of-control cryptocurrency spam on Twitter.
The Dallas Mavericks owner responded by defending his views regarding Dogecoin being a good medium of exchange. Cuban believes that the meme coin’s inflationary tendencies can actually help it become a more useful money, an opinion shared by Tesla CEO Elon Musk.
Billy Markus, co-founder of Dogecoin, defended Cuban, stating that it is infuriating when keyboard warriors misinterpret people’s statements.
The flagship canine cryptocurrency is currently down an astounding -80.24 percent from its May all-time high. Cuban, on the other hand, points out that Dogecoin has outperformed Bitcoin by a significant margin over the last year.
Cuban and Pysh clashed in October after a heated live audio debate on Twitter Spaces, as reported. Despite opposition from Bitcoin maximalists, the “Shark Tank” star stated that he would continue to speak about Dogecoin. Cuban described being a part of the meme coin community as “fun.”
Bitcoin is not a currency that protects against inflation.
Even though Cuban gained an appreciation for Bitcoin on his cryptocurrency voyage last year, he continues to view the leading cryptocurrency as an inflation hedge. He recently stated on Twitter that Bitcoin will “never” become one. He feels that both Bitcoin and gold promoters are utilising the “inflation hedge” word as a marketing slogan.
Also Read: The SEC’s Chairman Won’t Say Whether Ethereum Is A Security
Wallets