Famed billionaire Mark Cuban says that consumers are favoring Dogecoin (DOGE) over Bitcoin (BTC) in terms of making payments.
In a new interview with Fox Business, the business tycoon says that customers at his venues are paying in Dogecoin rather than BTC because Bitcoin is an asset that tends to gain value quickly.
“Not a lot of people pay in Bitcoin because it’s really an appreciable asset. It’s a stored value and they want it to go up in value, so you won’t see people pay in it. But a lot of people pay in Dogecoin.”
Cuban, who owns the Dallas Mavericks professional basketball team, says that fans prefer using Dogecoin to purchase tickets and merchandise over BTC, even though the ball club accepts both