Jackson Palmer, one of the creators of Dogecoin (DOGE), the leader of meme coins, says “I wish there was the end of crypto, but it isn’t” and harshly criticizes the cryptocurrency market. Of course, Elon Musk, who owns Dogecoin, also gets its share from these criticisms.
“I thought crypto would explode fast, but it didn’t!”
Jackson Palmer, in a new interview he gave, states that he wishes for the end of crypto, but it is not, and says that increasingly people are making money by doing nothing and it is ruining everyone. “To be honest, I thought crypto would explode a little faster and people would learn their lesson,” said the Dogecoin inventor, pointing out this surprising point:
But increasingly, over the past six months, there has been a steady I see perseverance. You see these big people with big money getting involved, and that means things aren’t slowing down.
“There is a lot of money being poured, they are waiting for new idiots to come”
As you can see from the news of Kriptokoin.com, some analysts said that the market deepened with the collapse of Terra (LUNA) He thinks he has entered a crypto winter due to his collapse. Jackson Palmer also rejects the notion that there might be a “crypto winter” around the corner, saying:
I still see piles of money being poured by crypto supporters. They’re waiting for a new batch of idiots to arrive. This happens in cycles.
Dogecoin inventor: These are the industry’s latest scams
Palmer, ICOs, DAOs and NFTs (Bored Ape Yacht Club, CryptoPunks, Goblintown, Moonbirds) and Azuki) as scams, and qualifies Initial Game Offerings (IGO) (like Axie Infinity, Sandbox, Aavegotchi, CryptoBlades) as the industry’s latest scam.
Dogecoin inventor believes that cynicism (a radical discipline) against crypto is on the rise despite the money flowing in. He describes how he surrounded himself with “crypto skeptics” between 2013 and 2020, but “gradually drank crypto Kool-Aid one by one.” However, he now sees the enthusiasm waning and expresses an awakening as people are losing money. However, he predicts:
I think there will have to be a collapse. I think we’re too late for some kind of pop and I don’t think it’s going to be a big bang. It will be much more painful and, unfortunately, when it happens it will likely affect minorities and those at the lower end of the socioeconomic spectrum.
Jackson Palmer also has a few words to Dogecoin fan Tesla CEO Elon Musk:
He’s a scammer, he’s a swindler, hoping one day he can deliver on what he promised. The vision sells, but he doesn’t know it. He’s really good at pretending he knows. My opinion of him and all billionaires, I don’t care much for them.
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