Dogecoin inventor identifies investments that are ‘less daunting and thrilling’ than cryptocurrency.
Billy Markus, the co-founder of Dogecoin, has suggested that feeling emotional about the price of any cryptocurrency is a sign of overexposure. Markus, who also goes by the name Shibetoshi Nakamoto on Twitter, added that alternative, less risky investments included buying SPY or putting money in high-yield interest rate accounts. Markus has previously stated that he stopped investing in crypto almost immediately after Dogecoin was launched, but still has some left from those times and from tips. He claimed to have sold part of his Ethereum stash to pay taxes for 2022 and was driven to sell at a loss. He has recently compared investing in crypto with investing in mental illnesses and said those who invest in NFTs are even more mentally ill than those who pick crypto. Markus’s original aim was to create Dogecoin as a joke about Bitcoin in 2013. He has become an influencer in the crypto space, while co-founder Jackson Palmer prefers to avoid exposure on Twitter.