While Jackson Palmer tends to avoid self-promotion on Twitter, IT programmer Billy Markus, who created the first meme coin DOGE with him in 2013 as a joke on Bitcoin, has now gained popularity outside of the cryptocurrency field.
“Shibetoshi Nakamoto” is Markus’ handle on Twitter.
Investment that is “less exciting or scary” than crypto
According to Markus, certain investment items might be “not very exciting or scary,” while cryptocurrency is both. He has also given a term to something that denotes the point at which investors become overexposed to a certain cryptocurrency.
He stated on Twitter that starting to “feel emotional about the wildly speculative price of any cryptocurrency” is a “good sign” that you are becoming overexposed.
Markus suggests SPY or high yield interest rates as an alternative form of investment for people who would like something “less exciting and scary” than cryptocurrency.
DOGE co-founder does not invest in crypto but still has some left
Regarding Markus, he frequently mentioned in previous tweets that he nearly immediately ceased investing in cryptocurrencies after the birth of Dogecoin. He still has some cryptocurrency from those days and from tips, though.
Markus said in December of last year that he was forced to sell some of his Ethereum holdings at a loss in order to pay taxes due in 2022. He recently made the comparison between buying cryptocurrency and buying into mental diseases. Markus said on Twitter that those who invest in NFTs are even more psychologically unwell than people who choose cryptocurrencies.
