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DOGE Has Let Lots of People Get into Bitcoin: David Gokhshtein

u.today 19 October 2021 09:16, UTC
Reading time: ~2 m

Chief executive of PAC Protocol, David Gokhshtein, has taken to Twitter to suggest that the most popular meme currency (and the one favored by Elon Musk), Dogecoin, has attracted a lot of people to the flagship crypto – BTC.

“DOGE has allowed a lot of people to get into Bitcoin”

Gokhshtein often mentions other cryptocurrencies in his tweets, aside from PAC Protocol. In the past, Ripple-affiliated XRP, along with Bitcoin was mentioned pretty frequently by him.

Now, the influencer and former Republican congressional candidate Gokhshtein, is exploring meme cryptocurrencies, among other coins. In particular, he has been tweeting about Dogecoin and looking into Shiba Inu (SHIB).

Today, he has tweeted about DOGE, stating that this currency that started as a BTC parody in 2013 has allowed a lot of people to enter Bitcoin. He cited multiple free data that is available on the Internet.

$DOGE has allowed a lot of people to get into #bitcoin.

Data supports it — its free to look up.

— David Gokhshtein (@davidgokhshtein) October 18, 2021

Mark Cuban defends DOGE against Bitcoin maxis

Over the weekend, as covered by U.Today, billionaire-investor, Shark Tank co-host and owner of Dallas Mavericks, Mark Cuban, debated with a podcaster and a Bitcoin maximalist Preston Pysh on Twitter, about DOGE.

Prior to that, Cuban participated in a live audio conversation on Twitter Spaces. There he repeated what he has been saying quite often recently – DOGE is “a great introduction into the crypto space”, a cheap way of learning about crypto.

Still, Cuban admired Bitcoin as well, but he believes it to be a great store of value. He doubts that BTC can succeed as a unit of payment unlike Dogecoin.

Here’s how much DOGE Cuban holds

Despite being a big fan of Dogecoin, the billionaire owns only approximately $1,500 worth of this meme coin. He has bought some more recently “just fun” as he stated.

He has recently stated that a lot of people are using DOGE to buy tickets and merchandize from the Mavericks on-line shop. According to him, every month, they spend thousands of dollars in DOGE buying from Mavericks.

As soon as the gaming season starts, he expects the amount of DOGE spent to increase substantially.

Elon Musk pushes DOGE up 13 percent

On Monday, October 18, the most popular meme crypto Dogecoin went up almost 13 percent after Elon Musk supported DOGE co-founder Billy Markus’s tweet where he urges the community to “keep DOGE absurd”.

Besides, the Tesla CEO tweeted a “drawing” of an animal that looked pretty much like a Shiba Inu dog. Both SHIB and DOGE went up after that.

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