Bitcoin and Dogecoin Creator's Asset Comparison
Cover image courtesy of U.Today
In response to an infographic depicting the prominent holders of Bitcoin (BTC), Dogecoin co-founder Billy Markus, known as Shibetoshi Nakamoto, contrasted his DOGE holdings with the reported BTC holdings of Bitcoin creator Satoshi Nakamoto.
According to the statistics, Satoshi currently possesses approximately 1.1 million BTC, valued at $66 billion. Markus asserts that this exceeds his DOGE holdings, implying that he owns less than $117,040 in the popular meme coin.
A Regretful Decision
In 2015, when Jackson Palmer and Billy Markus were experiencing the unexpected surge in Dogecoin's popularity, it was difficult to foresee the financial decisions that would later torment one of its creators.
Reflecting on his choice, Markus acknowledges that selling his DOGE holdings was not only his greatest regret but also, in his own words, "the stupidest thing" he had ever done.
Facing unease with the evolving Dogecoin community and personal financial challenges, Markus made the decision to withdraw, receiving only $10,000 for what would later become a multi-million dollar asset.
From Expectations to Reality
The sum was sufficient to purchase a Honda Civic, but it was eventually allocated to more pressing expenses such as rent payments. Markus' decision to sell was driven by a layoff and the need for financial stability. While securing employment provided some relief, his regret lingers.
Markus' Legacy in Cryptocurrency
Despite distancing himself from Dogecoin, Markus maintains a substantial presence in the cryptocurrency industry. With over two million followers on X (formerly Twitter), his perspectives continue to hold influence in the market, regardless of his stated disengagement from active project involvement.