Dogecoin and investing
O’Leary, who stars on “Shark Tank” as a possible investor for startups and small companies, appeared on CNBC this week to speak about cryptocurrency. The dialog turned to Dogecoin, in accordance with Bitcoin News.
- “I don’t take part in that type of factor. I don’t perceive why anyone would, however that’s their very own selection,” he said.
- “If you speculate on one thing like Dogecoin, that’s no totally different than going to Las Vegas and placing your cash on crimson or black. It’s pure hypothesis,” he mentioned, in accordance with Bitcoin News.
Is Dogecoin good for studying investing methods?
Dallas Mavericks owner Mark Cuban — who additionally stars on “Shark Tank” — informed daytime speak present host Ellen DeGeneres that Dogecoin taught his son, Jake, about investing. He mentioned his son purchased about $30 price of Doge.
- “So the query everybody desires to know, is Dogecoin an excellent funding? And right here’s the rationale I obtained Jake into it. It’s not essentially one of the best funding you may make, however you should buy it on Robinhood, and signing up and buying and selling on Robinhood is free. In order that’s one factor,” Cuban mentioned.
- “However, total, when somebody brings up Dogecoin to you and asks you if it’s an excellent funding, I wouldn’t say it’s the world’s greatest funding, nevertheless it’s an entire lot higher than a lottery ticket and it’s an effective way to be taught and begin understanding cryptocurrencies,” Cuban mentioned.
Is Dogecoin on the rise?
Not likely. The truth is, cryptocurrency traders are panicking about the way forward for crypto in the US, because the $550 billion bipartisan infrastructure invoice in Congress proper now has particulars about elevating funds from cryptocurrency, in accordance with Forbes. This has spooked buyers into considering that the invoice may kill the cryptocurrency trade.