Billionaire and NBA team owner Mark Cuban Has a mixed history with coins. He has been a supporter of Dogecoin Doge/USD Over the years, but also called Meme Coins a “hustle” a recent interview.
The entrepreneur recently shared an interesting proposal to launch a meme coin to help pay off the United States’ debt. A reader poll shows whether people would consider purchasing such a medal.
What happened: After watching a meme piece associated with the president Donald Trump get high, Cuban came up with a unique idea to launch a cryptocurrency similar to Trump Coin Coin / USD.
“If SAME coins are the way, maybe I’ll issue one. With a twist. Same terms as $Trump. 20% Float. Same release schedule. One difference. All proceeds from coin sales go to Cuban Treasury. tweeted.
The proposal received mixed reactions with user X artchick (@DigitalArtchick) saying celebrity meme coins don’t benefit holders in the long run. Cuban agreed with the notion.
“That’s why Doge, Shiba Inu and just a few others worked. It’s about the long term community. I’m not saying buyers won’t be rekt. I said it’s gambling. It’s a game of musical chairs. No promises. answered.
While Cuban recognizes tough power Shiba inu Shib / usda poll showed that there was not yet a lot of interest in the billionaire idea.
“Mark Cuban suggested launching a meme coin to help pay off the national debt. Would you buy it?” Benzinga asked.
The results were:
The poll found that the majority of readers were not interested in purchasing the piece of memes Cuban described.
Why it matters: While Cuban has Supported Meme Pieces Like Dogecoin, it has been skeptical about the rise of this segment of the cryptocurrency sector in recent weeks.
“It’s just hustle. There’s no there, and so it’s like a game of musical chairs with money and some people will make money and some people won’t. not,” Cuban said in a recent interview.
Cuban proposal to help put a dent in US debt comes next Bridgewater Associates founder Ray Dalio warned the United States could “go break” As its debt reaches 36 trillion dollars.
U.S. interest payments totaled $892 billion in fiscal 2024 and are expected to continue to rise. The country accounts for 34.6% of all global debt.
Unlike typical coins released for profit, the Cuban proposal aims to improve America’s financial health. Time will tell if Cuban decides to release this proposed coin or any other coins in the future.
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The study was conducted by Benzinga from January 22, 2025 to January 23, 2025. It included responses from a diverse population of adults 18 years or older. Opinion in the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 106 adults.
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