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Mark Cuban: Dogecoin is “better than the lottery” ── commentary on TV show

Cryptocurrency

Mark Cuban, a well-known investor and owner of the US NBA basketball team Dallas Mavericks, will appear on the daytime TV talk show “The Ellen DeGeneres Show” on the 27th. He explained the crypto asset Dogecoin to millions of viewers, saying it was a “much better than a lottery” investment.

In addition to “Dogecoin,” Cuban also touched on non-fungible tokens (NFTs), saying, “It’s a digital collection that you can buy, hold, and sell like you did in previous collections.”

Ellen DeGeneres, a popular host of the show, tweeted yesterday that she is auctioning NFTs to help food aid groups World Central Kitchen.

The Ellen DeGeneres has about 1.5 million viewers, most of whom are women under the age of 54. It’s unclear if the feature of Dogecoin on the show had the effect of increasing the popularity of Dogecoin.

“Cryptocurrency is just an asset to invest in. Bitcoin (BTC) is like a digital version of gold, Ethereum (ETH) is a digital version of currency, and Dogecoin is just a play, but strange. And what used to be a joke crypto asset is now about to become a valuable digital currency, “Cuban told Degeneres.

11-year-old son Jake also invested

Cuban said his 11-year-old son, Jake, is also investing in Dogecoin and is buying “$ 30” with him.

“Everyone wants to know if Dogecoin is a good investment. There’s a reason I got Jake to invest. It’s not always the best investment, but you can buy it with the investment app Robin Hood and go to Robin Hood. Registration and trading are free, which is the first reason, “Cuban said.

“The second reason is that one Dogecoin costs about 26 cents. If you spend $ 5, $ 10, or $ 15, it’s a better investment than a lottery, and it could go up. It’s also about to become a digital currency. Given its origins, it’s unbelievable. “

Cuban said the Dallas Mavericks store accepts payments in Dogecoin and recommended DeGeneres to do so at the show’s store, Ellen Shop.

“When asked if Dogecoin is the best investment, I wouldn’t say it’s the best in the world, but it’s a lot better than the lottery and a great way to learn and understand crypto assets,” he continued. ..

According to a New York Times article quoting data from research firm Nielsen, The Ellen DeGeneres has averaged 1.5 million viewers over the past six months. It has decreased from 2.6 million in the same period of 2020.

| Translation: Akiko Yamaguchi
| Editing: Takayuki Masuda, Shigeru Sato
| Image: Ellen DeGeneres, who made her name on Hollywood’s “Walk of Fame” in 2012
| Original: Mark Cuban Touts Dogecoin on’Ellen’:’A Whole Lot Better Than a Lottery Ticket’

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