Dogecoin Co-Founder Says He Won’t Sell Bitcoin Until It Hits $1 Billion Per Coin

Dogecoin Creator Jokes About Holding Bitcoin Until It Reaches $1 Billion

On November 15, 2024, Billy Markus, co-founder of Dogecoin, humorously tweeted that he would not sell his Bitcoin until each unit surpassed $1 billion. This remark comes amidst significant volatility in the cryptocurrency market, with Bitcoin previously reaching an all-time high of $93,434 before a sharp decline.

Markus, known by his pseudonym Shibetoshi Nakamoto, holds a small amount of Bitcoin, roughly 0.006 BTC, currently worth approximately $528.54. His tweets often combine sarcasm with criticism of the crypto market's fluctuating nature, highlighting its speculative tendencies.

Markus Reflects on Dogecoin and Its Market Impact

Despite Dogecoin's success, reaching a market capitalization of $54.2 billion, Markus revealed that he has personally benefited modestly from the project. His earnings from Dogecoin totaled around $10,000, which he used to purchase a Honda Civic in 2015.

This admission underscores the often misunderstood financial outcomes for creators of viral cryptocurrencies, which may not always align with the substantial wealth generated for traders and investors.

Markus' Commentary's Cultural Significance

Markus' remarks emphasize the unpredictable and sometimes irrational nature of the cryptocurrency market, where meme coins like Dogecoin can attain high valuations based on community sentiment and social media trends rather than traditional financial fundamentals. His ongoing dialogue with the community serves as a reminder of the speculative environment surrounding these digital assets.