Dogecoin Cofounder Shares Insights on Crypto Market Decline

Learn about Dogecoin cofounder's perspective on the current decline in the crypto market and his preferences in the cryptocurrency space.

Posted 9 months ago in Blockchain


Image: Representation of Dogecoin logo with crypto market chart in the background.

Billy Markus and Jackson Palmer, the cofounders of Dogecoin, have been in the spotlight recently as they express their thoughts on the current decline in the crypto market. In a rare interview, Palmer criticized fellow Dogecoin enthusiast Elon Musk, while Markus, who maintains an online friendship with Musk, continues to actively engage with the crypto community on X app.

Markus recently shared his take on why the crypto market is experiencing a downturn. In a post on X, he questioned the rationality of trading hash strings for thousands of dollars, emphasizing the unpredictable nature of crypto price fluctuations. Despite his association with Dogecoin, Markus holds a preference for Bitcoin and Ethereum, referring to DOGE as 'just Bitcoin in a dog suit.'

However, Markus does not share the same enthusiasm for other cryptocurrencies, particularly ERC-20 tokens built on the Ethereum chain. He also expressed his disdain for the collapsed FTX exchange and its imprisoned founder, Sam Bankman-Fried. In a recent tweet, Markus referred to Bankman-Fried as 'the most famous vegan,' alluding to the challenges the former crypto billionaire has faced in prison, including the denial of a vegan diet and necessary medication for his ADHD.

Last updated 9/13/2023, 3:05:01 AM

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