Billionaire Mark Cuban proposed that trading in DOGE is not a bad move as he called the meme-inspired cryptocurrency “the lowest cost economics teaching tool available” due to how accessible it is for those who want to dip their toes into crypto trading.
“That’s not to say it [DOGE] has any intrinsic value”, Cuban told Forbes. He then added “But so what. It gives you a better chance of winning than a lottery ticket all while teaching the economics of supply and demand and introducing people to crypto assets”.
With the hype roused from celebrity endorsements and people in tech, the price of DOGE has grown approximately by 700% in the last 30 days. This may have been the by-product of the playful cryptocurrency-related tweets that Tesla founder Elon Musk often sends out.
True to Cuban’s own remark on the educational merits that DOGE has, he bought $5 worth of the dog currency for his 11 year old son, Jake, to entertain him and to show him the financial know-how.
Cuban’s son was one of the investors to have purchased AMC Entertainment and Blackberry stock back in January.