Billy Markus stopped investing in crypto several years ago

Billy Markus, who created the first acculturation coin magistrate along with Jackson golfer as a joke on Bitcoin back in 2013, has not been shopping for any crypto for 9 years already. During a recent tweet, he explained his motives to not invest within the business wherever he has created a significant contribution however keeps looking at this market closely.

Once responding to an issue from a Twitter user whether or not he still invests in crypto, Markus shared that he “mostly stopped investing” in 2013, the year that Dogecoin was created. Now, Billy shared, he has some crypto remaining “from tips,” and he’s trading it gradually.

But why did Billy Markus stop investing in the digital market?

As for the rationale why the creator of 1 of the foremost in style cryptocurrencies has stopped shopping for coins for profit, he believes that crypto investment is the equivalent of gambling.

Some times recently, Markus reminded the crypto community on Twitter that he is not involved with Dogecoin and doesn’t attempt to rejoin this project or begin a replacement one. The rationale for this can be that he needs to avoid the plenty of criticism and cytotoxic comments from the crypto community that are inevitable after you are building a cryptocurrency.

Musk cannot see negativity in the sphere

Over the weekend, Elon Musk mentioned Jackson golfer during a touch upon Twitter, saying he’s “a bit negative at times.”

In response to the comment, Palmer sardonically tweeted, “an accomplishment unlocked.” Previously, Palmer brought up Musk on Twitter as a “self-absorbed grifter.” This tweet was deleted by the author later on, though.

Billy highlighted during a tweet that his co-founder Jackson Palmer, the one who folks keep misinterpreting for him in articles, had talked concerning cryptocurrency on the h3h3 podcast and talked about the silliness within the business. Markus believes that though not everybody in the digital assets industry won’t comply with the facts, Jackson encompasses a ton of expertise and perspective.

What hinders DOGE from a new high?

Recently, the coin soared to a historic high of $0.7376, due to Elon Musk’ endorsement throughout his debut on Saturday Night Live (SNL). Before that, the Tesla boss additionally jokingly called himself “The Doge Father” on Twitter.

However, since then, DOGE has been plunging, and at press time, it’s traded at $0.08318, 88.73% below last year’ incomparable high.