One of Dogecoin creators has revealed why he mostly stopped buying cryptocurrencies nine years ago
Billy Markus, who created the original DOGE meme with Jackson Palmer as a bitcoin joke in 2013, hasn’t bought crypto in nine years already.
In a recent tweet, he explained his motives not to invest in the industry where he has made a major contribution but keeps watching this market closely.
“I mainly only have advice and sales stuff”
Responding to a Twitter user’s question if he still invests in crypto, Markus said he “virtually stopped investing” in 2013, the year Dogecoin was founded. Now, Billy shared, he has some crypto left over “from tips” and he’s gradually selling it off.
Here’s why no more investing in crypto
As for the reason why the creator of one of the most popular cryptocurrencies has stopped buying coins for profit, he believes that crypto investing is the equivalent of gambling.
A few times recently, Markus reminded the crypto community on Twitter that he is no longer involved with Dogecoin and has no plans to join this project or start a new one. The reason is that he wants to avoid the tons of toxic reviews and comments from the crypto community, which are inevitable when you are building a cryptocurrency.
Elon Musk gets back at Palmer
Over the weekend, Elon Musk mentioned Jackson Palmer in a comment on Twitter, saying he is “a bit negative at times.”
In response to this comment, Palmer sarcastically tweeted, “an unlocked exploit.” Previously, Palmer called Musk on Twitter a “self-absorbed con man.” This tweet was however later deleted by the author.
Dogecoin unable to revisit its ATH yet
In May 2021, the Dogecoin price soared to a historic high of $0.7376, thanks to Elon Musk’s endorsement during his debut on Saturday Night Live (SNL). Prior to that, the Tesla boss also jokingly called himself “The Doge Father” on Twitter.
However, since then DOGE has plunged and at press time is trading at $0.08318, 88.73% below last year’s all-time high.
