One of the Dogecoin creators, Billy Markus, is well recognised for his scepticism of cryptocurrency investment. This time, he made a statement on it and compared it to “investing in mental disease.” And, he said, cryptocurrency investment is growing.
Markus slams investing in crypto and NFTs
Much like Dogecoin was created as a spoof on Bitcoin based on BTC code, Markus is well-known on the crypto Twitter as “Shibetoshi Nakamoto,” a parody name on the enigmatic Bitcoin developer Satoshi Nakamoto.
Markus said when questioned about NFTs that because it is a derivative of cryptocurrency, investing in it causes individuals to become “much more psychologically unwell.”
Markus said last year that he quit investing in cryptocurrencies nine years ago, immediately following the launch of Dogecoin, since he thinks that doing so is merely another sort of gambling. Also, he rejects Bitcoin as a kind of money.
He still still has some cryptocurrency, “from tips or selling goods,” according to his tweet. He recently revealed how little Dogecoin he actually owns. Also, he informed his followers and the whole crypto world that he is no longer a member of the Doge team of the Dogecoin Foundation and does not, in his tweets, speak for them.
One DOGE founder blocks other on Twitter
According to a U.Today post from last year, Billy Markus abruptly banned Jackson Palmer, an Australian IT engineer and the second Dogecoin creator, on Twitter.
The main cause of this appears to be the latter’s staunch opposition to cryptocurrencies and to tech magnate and supporter of Dogecoin Elon Musk. Palmer recently blasted Musk for his coding abilities and claimed that he utilises cryptocurrency to inflate his ego.
Markus, on the other hand, gets along well with Musk, and the two frequently tweet back and forth about DOGE.
