'I Really Hope D.O.G.E. Is Successful,’ Dogecoin Founder Says, Here’s Why

Cover image via U.Today

Billy Markus, known as Shibetoshi Nakamoto on social media and the co-creator of Dogecoin with Jackson Palmer in December 2013, continues to support Elon Musk and his endeavors.

Markus recently tweeted his endorsement of Musk's recent appointment as head of the U.S. Department of Government Efficiency, which Musk refers to as "D.O.G.E." (an acronym similar to Dogecoin's ticker symbol).

"Go Doge Go": Shibetoshi Nakamoto

Markus expressed his support and encouragement without hesitation: "Really hope doge is successful." He believes that if Musk's initiative fails, the U.S. could face significant challenges: "If it isn't, kinda feels like the usa is f*d."

This statement reflects Markus's long-held belief, shared by Elon Musk and other financial and business leaders, that the U.S.'s extensive spending, including constant money printing, must be controlled. As Shibetoshi Nakamoto added, "It's a quite literal death loop where the only solution is hyperinflation, which would ruin us."

Dogecoin Founder Sides with Elon Musk against SEC

Last week, Elon Musk achieved a small but significant victory against the SEC in the ongoing $44 billion Twitter purchase probe. The billionaire retweeted a post stating that the Supreme Court had rejected the SEC's request to sanction Musk for ignoring his court testimony in September.

Billy Markus expressed his support, calling the SEC "an annoying organization." Several XRP and DOGE enthusiasts joined Shibetoshi Nakamoto in praising Musk and criticizing the SEC.

Meanwhile, last week, current SEC Chairman Gary Gensler announced his intention to resign from his position in late January 2025.