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DOGE Founder Slams NFT Investors as Mentally Ill, Here's Why

Sat, 04/22/2023 - 09:52
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Yuri Molchan
Billy Markus once again criticized crypto investing, this time using peculiar comparison
DOGE Founder Slams NFT Investors as Mentally Ill, Here's Why
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Billy Markus, one of the Dogecoin founders, is known for his criticism of investing in crypto. This time he has commented on this activity again, likening it to "investing in mental illness." And investing in crypto is on the rise, he added.

Markus slams investing in crypto and NFTs

Markus is famous on crypto Twitter as "Shibetoshi Nakamoto," a parody name on the mysterious Bitcoin creator Satoshi Nakamoto, just as Dogecoin was made as a parody on Bitcoin based on BTC code.

When asked about NFTs, Markus stated that since NFT is a derivative of crypto, investing in it makes people "even more mentally ill."

Last year, Markus revealed that he had stopped investing in crypto nine years ago, right after the release of Dogecoin, since he believes that when people invest in digital currencies, they are practicing just another form of gambling. He also does not believe in Bitcoin as a currency.

Now, according to his tweet, he still has some crypto left "from tips or selling stuff." Recently, he shared that he owns "very little Dogecoin." He also reminded his followers and the whole crypto community that he is not part of the Doge team of Dogecoin Foundation anymore and does not speak for them in his tweets.

Is Dogecoin Untouchable? Board Member Weighs In on Regulatory Debate

One DOGE founder blocks other on Twitter

As reported by U.Today last year, Billy Markus all of a sudden blocked the other founder of Dogecoin on Twitter, the Australian IT engineer Jackson Palmer.

The reason for this seems to be the strong position of the latter against crypto and against Dogecoin advocate, tech billionaire and innovator Elon Musk. Palmer has recently criticized the Tesla CEO for his coding skills and stated that Musk uses crypto to boost his ego.

Markus is, on the contrary, on friendly terms with Musk and they often exchange tweets, including those that discuss DOGE.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at