DOGE Founder Names Key Reasons for His Increased Appreciation of Crypto
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Billy Markus, who created the original meme cryptocurrency Dogecoin (DOGE) with Jackson Palmer in 2013, has taken to his account on the X platform to reflect on the fact that recently he has changed his attitude toward cryptocurrencies.
He also took a jab at the conventional banking system, adding emphasis to his statement on crypto.
Billy Markus is widely known on social media under pseudonym Shibetoshi Nakamoto, which is an ironic reference to the Bitcoin creator Satoshi.
DOGE founder likes crypto much better now
In a fresh tweet, Markus admitted that he was beginning to “appreciate cryptocurrency so much more recently.”
Markus said that this is happening not only thanks to the recent large price appreciations: “though, not gonna lie that helps lol,” he added.
However, the main reason for taking up that attitude, according to a comment added by Billy Markus, is that he has bigger trust in code than in people: “because humans are so much more easily corruptible than code.”
When a commentator mentioned that crypto helps against insane bank fees, Shibetoshi Nakamoto responded: “the more you learn about how banks operate the more it deserves to be disrupted.”
As for the recent price surges mentioned by Markus, the flagship cryptocurrency Bitcoin has surpassed the $103,000 price level, allowing Ethereum to surge above $4,000 and the rest of the crypto market also to stage large price increases. As for Dogecoin in particular, it has gained the top seventh place in terms of market capitalization and appreciated by almost 20% in the past week, reaching a local high of $0.46 on Thursday. As of this writing, DOGE is changing hands at $0.44718.
Yuri MolchanMarkus celebrates DOGE 11th birthday
On Dec. 6, the Dogecoin co-founder Markus published a celebratory X post to remind the millions of his followers that 11 years ago on this day DOGE was rolled out on the market. Now it boasts a market capitalization of more than $66 billion.
Markus admitted that he did not expect “some silly thing” that he “made in a few hours” to have a tremendous impact on the world that it has now. He believes that the success of Dogecoin constitutes “a nice reminder that everyone has the potential to make a huge impact with their actions, whether big or small.”
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