Mark Cuban on Meme Coins: "Maybe I'll Issue One" with a "Twist"

Cuban's tweet states that since meme coins are so popular that even Donald Trump and his wife have issued one coin each, he may also launch his own meme

Billionaire entrepreneur and crypto enthusiast Mark Cuban has shared his thoughts on the recent success of meme coins, such as Dogecoin (DOGE) and Shiba Inu (SHIB), and revealed that he might launch his own meme cryptocurrency. However, Cuban stated that his coin would come with a "twist."

Moreover, the billionaire commented on the possibility of a US government Bitcoin (BTC) reserve and shared his assumptions on why meme coins like DOGE, SHIB have succeeded.

Mark Cuban on meme coins: ‘Maybe I’ll issue one’ with a ‘twist’

Cuban’s tweet suggests that since meme coins are trending and even former US President Donald Trump and his wife have each launched one coin, he may launch his own meme-themed cryptocurrency. “If meme coins are the way, maybe I’ll issue one,” Cuban wrote.

However, the billionaire and DOGE supporter added that unlike with Trump’s coin, his meme coin would have a twist: “Same terms as $TRUMP . 20% float. Same release schedule. One difference.” This twist is that Cuban would send all the revenue from his potential meme coin to the US Treasury and also publish the address of the coin’s wallet so that everyone interested would be able to track those transfers.

Cuban explained that this way he would “make a dent in the US debt,” and asked the community if they would support this initiative: “You in?”

US Bitcoin Reserve may never happen per Cuban

In the comments, Cuban revealed that he had never thought about launching crypto before but it “wouldn’t be hard at all.” He was also asked about sending all the profits from his hypothetical meme coin to the US Bitcoin reserve, to which the billionaire replied: “I thought about that. But it doesn’t exist and it may not.”

Here’s why DOGE and SHIB succeeded, Cuban assumes

One X user tried to talk Cuban out of that idea and said that the most successful meme coins are “community takeovers,” as “it takes a lot of time for a strong distribution to materialize,” etc.

Cuban agreed with the crypto fan here, saying that exactly for this reason DOGE, SHIB, and a few other meme coins “have worked” – “it’s about the community in the long term.” Cuban then confirmed his earlier position on meme crypto: “I said it was gambling. It’s a game of musical chairs.” He even admitted that buyers of his hypothetical coin may “get rekt.”