If You Invested $1,000 In Dogecoin When Mark Cuban And The Dallas Mavericks Welcomed The Meme Crypto, Here’s How Much You’d Have Now
Billionaire Mark Cuban recently expressed interest in leading the Securities and Exchange Commission (SEC), criticizing the agency’s handling of cryptocurrency regulations under current Chair Gary Gensler.
As a well-known NBA team owner and advocate for digital assets like Dogecoin (CRYPTO: DOGE), Cuban has frequently used his platform, along with Tesla CEO Elon Musk, to influence the meme coin’s price through public support.
Here’s a look at how investing in Dogecoin based on a Cuban event would have turned out.
What Happened: On March 4, 2021, Cuban announced that the National Basketball Association’s Dallas Mavericks would accept Dogecoin as payment for tickets and merchandise.
“The Dallas Mavericks are a long-time enthusiast of cryptocurrency, opening up new opportunities for the team to sell tickets and merchandise to its global MFFL fan base,” said BitPay CEO Stephen Pair at the time. BitPay worked with the Mavericks to make the move happen.
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