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Billionaire entrepreneur Mark Cuban has publicly supported the confession of Billy Markus, the co-founder of Dogecoin (CRYPTO: DOGE).
What Happened: Markus, who created the meme cryptocurrency Dogecoin in 2013, recently confessed on the X social media platform. Cuban, a well-known Dogecoin enthusiast, has shown his support for Markus’ actions.
Markus, in his confession, addressed his activity on social media, particularly his engagement in “s**t posting” and complaining.
Markus, also known by his pseudonym “Shibetoshi Nakamoto,” wrote, “i’m just s**tposting but my actual positon here is: 1) complaining about people complaining on social media is pretty silly 2) it’s cool when people do things to try to help fix really difficult problems 3) it’s perfectly fine to complain, like you’re literally doing.”
Cuban, in response, expressed his support for Markus, emphasizing that “Positive trolling towards s**t posting trolls is never silly.’
Despite withdrawing from the Dogecoin project over a decade ago, Markus still holds a small amount of DOGE and a minimal amount of Bitcoin.
Cuban, who was previously a vocal critic of cryptocurrencies, has become a strong advocate for not only Dogecoin but also Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and other leading cryptocurrencies.
See Also: Despite Bitcoin Hitting $64K, Analyst Says King Crypto Remains In ‘Prime Buy Zone’
Why It Matters: Cuban’s support for Dogecoin is not new. The billionaire has been a vocal advocate for the meme cryptocurrency and has even allowed the Dallas Mavericks to accept DOGE as payment for tickets and merchandise.
Despite the recent surge in his crypto investments, Cuban’s support for Dogecoin and its community remains unwavering. His backing of Markus’ confession on X is likely to further bolster the confidence of Dogecoin investors and enthusiasts.
Markus’ recent disclosure on X comes at a time when the social activity surrounding Bitcoin ETFs is reportedly on the decline, suggesting that retail investors may be losing interest in the cryptocurrency.
Price Action: Dogecoin is currently trading at $0.16, marking a decrease of 0.45% in the last 24 hours, while showing a notable 68.86% increase year-to-date, according to the data from Benzinga Pro.
Read Next: EcoAi Coin: A Sustainable Digital Token For A Greener Planet
Image Via Flicker
This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
