Billy Markus, also known on Twitter as Shibetoshi Nakamoto, and Jackson Palmer are the creators of the well-known joke coin DOGE. Billy Markus has given his comments regarding his profits on Twitter (X) and DOGE.
In addition, he said that the SEC would have forfeited whatever prior legal action it had taken against him and Dogecoin.
Twitter posting brings more money than making popular crypto
Markus said that he had already made more money from the X app, formerly known as Twitter, than from “creating a 10 billion dollar cryptocurrency,” i.e. DOGE.
Dogecoin was a joke currency up until a few years ago, when Tesla CEO Elon Musk, who enjoys memes, became interested in it and rapidly warmed to DOGE. He frequently cited DOGE in his writings, and five or even two years ago, such comments caused the price of Dogecoin to soar.
The price of these stocks also increased when Musk referenced other assets, such as “gamestonk,” which was a reference to GameStop. The “Elon Musk Effect” was a term used to describe Musk’s effect on asset values.
Musk mockingly referred to himself in a 2021 tweet as “The DogeFather.” The meme currency soared to an all-time high of $0.7376 (May 8, 2021) because to this and Musk’s appearance on the Saturday Night Live programme that followed, when he discussed DOGE among other things.
Dogecoin is now trading at $0.07348, which is 90.04% less than its last price zenith.
“SEC wouldn’t have been successful against DOGE”
Billy Markus may run into trouble with the SEC if he launched a new cryptocurrency right now, according to a commenter, as the commission has lately accused many altcoins of being unregistered securities.
Markus said that the SEC would have failed if it had prosecuted him and Jackson Palmer for creating Dogecoin when it had only recently entered the market in 2013. That is because, according to Markus, “people actually cared about ethics back then.”
Billy Markus does not appear to have invented any new crypto. He has been frequently questioned in recent years about if he is still working on Dogecoin and whether he would like to create a new cryptocurrency.
He said “no” to both, indicating that he enjoys his present position and that he would not only not create a new cryptocurrency but also not work for Elon Musk on Twitter, despite the fact that the two are Twitter “pen pals” who frequently communicate but have never actually met.
According to several earlier tweets by Markus, he sees cryptocurrency trading and investment as nothing more than a kind of gambling.
