Dogecoin Co-Founder Billy Markus Reveals Stance on Crypto Investment; Expresses Interest in Tesla Stock

In a recent interaction on Twitter, Billy Markus, one of the co-founders of Dogecoin (DOGE), the popular meme cryptocurrency, expressed his thoughts on crypto investment and shared his hypothetical investment preference. Earlier today, Markus responded to a tweet from verified Twitter user @dubzyxbt, who posed a hypothetical scenario, asking what Markus would do or buy if he was given $100,000 and he had to spend it in a day. In his response, Markus stated that if he had to swiftly invest the hypothetical $100,000, he would spend it on Tesla stock. However, he did not mention any plans to invest in cryptocurrencies.

tesla stock

— Shibetoshi Nakamoto (@BillyM2k) May 11, 2023

Billy Markus, alongside Jackson Palmer, played a pivotal role in creating and launching Dogecoin in 2013. The coin was originally introduced as a lighthearted parody of Bitcoin, which had been launched by Satoshi Nakamoto four years earlier.

While Jackson Palmer has maintained a relatively low profile on social media and quit the Dogecoin community in early 2019, Billy Markus has been actively engaging in discussions surrounding various cryptocurrency-related topics on Twitter. Notably, he has an online friendship with Elon Musk, although they have never met in person.

Billy Markus On Crypto Markets

Markus’s perspective on crypto investment has been a topic of discussion this year. He clarified that he stopped investing in digital assets back in 2013. Since then, Markus has limited his involvement in the crypto space to offering occasional tips or selling his existing holdings. In December 2022, he sold a portion of his Ethereum to fulfill tax obligations.

Furthermore, his past tweets indicate that he views investing in cryptocurrencies as a form of gambling, once even equating it to investing in mental illness. According to Markus, those investing in non-fungible tokens (NFTs) are even more predisposed to such mental illness.

Markus mentioned in one of his tweets that if he were to convert $1,000 into $100,000, he would not choose to invest in meme coins nor in non-fungible tokens (NFTs).

While Billy Markus remains an influential figure in the cryptocurrency community as a co-founder of Dogecoin, his insights on investment and his affinity for Tesla stock demonstrate his evolving perspectives and interests within the financial realm.

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