Billy Markus, who co-created the first meme coin Dogecoin (DOGE) with Jackson Palmer in 2013, says he hasn’t bought cryptocurrencies for nine years. In a recent tweet, he explained his reasons for not investing in the industry to which he contributes greatly but follows this market closely.
The founder of Doegcoin stopped investing in crypto 9 years ago, here is his body
While answering a question from a Twitter user about whether he is still investing in crypto, Markus said in 2013, the year Dogecoin was launched, “to invest. He shared that he left. Now, he says he is slowly selling some of his crypto still from the tips.
This is why no more investing in crypto
As for the reason why the founder of one of the most popular cryptocurrencies stopped buying coins for profit, he believes that investing in crypto is tantamount to gambling. Several times recently, Markus reminded the crypto community on Twitter that he is no longer affiliated with Dogecoin and that he is not planning to rejoin or start a new project. This is because he wants to avoid tons of criticism and toxic comments from the crypto community, which is inevitable when creating a cryptocurrency.
Elon Musk back to Palmer
Elon Musk mentioned Jackson Palmer in a comment he made on Twitter over the weekend, saying that “it can be negative sometimes.” In response to this comment, Palmer sarcastically tweeted that “an achievement has been unlocked”. Palmer had previously referred to Musk on Twitter as a “sucking crook”. However, this tweet was later deleted by the author.
Dogecoin can’t revisit its ATH yet
In May 2021, the Dogecoin price soared to a historic high of $0.7376 thanks to Elon Musk’s support during his Saturday Night Live (SNL) debut. Prior to that, the Tesla boss had also jokingly called himself “Doge Father” on Twitter. However, since then, DOGE has been falling and is trading at $0.0833 at the time of writing, which is 88.73% lower than ATH.
By the way, there was an interesting exchange between Billy Markus and Binance CEO CZ recently. As Kriptokoin.com, we have discussed the details in this article.
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