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Dogecoin Creator Billy Markus Is Astonished by Its Success

Patricia Arquette

Oct 18, 2024 am 06:08 AM

dogecoin Cryptocurrency Billy Markus

Billy Markus et Jackson Palmer ont lancé Dogecoin en 2013 pour souligner en toute légèreté le sérieux de l'industrie de la cryptographie. Au fil des années, Dogecoin s'est bâti une réputation

Dogecoin Creator Billy Markus Is Astonished by Its Success

Billy Markus et Jackson Palmer ont créé Dogecoin (CRYPTO : DOGE) en 2013 pour souligner en toute légèreté le sérieux de l'industrie de la cryptographie.

Au fil des années, Dogecoin s'est bâti une réputation de force positive dans le monde souvent trouble de la crypto-monnaie, un sentiment qui reste vivant aujourd'hui à travers le Manifeste Dogecoin.

En tant que memecoin original, Dogecoin a établi une niche unique que d'innombrables imitateurs ont tenté de reproduire.

Et pourtant, même aujourd'hui, Markus est étonné de voir à quel point sa création est devenue le phénomène qu'elle est aujourd'hui.

Markus époustouflé par le succès de Dogecoin

Dans un article récent, Markus a exprimé son étonnement face à l'évolution de Dogecoin d'une blague à un projet de plusieurs milliards de dollars, en disant : « C'est toujours fou pour moi. »

Beaucoup de gens supposent qu’un tel succès découle d’une planification minutieuse et d’une prise de décision stratégique. Cependant, Markus a révélé que l’ensemble du processus de création n’avait pris que deux heures et qu’il « n’avait rien pensé » du tout.

Les Memecoins sont connus pour leur potentiel de risque et de récompense élevé, et on leur attribue le mérite de transformer les investisseurs quotidiens en millionnaires du jour au lendemain.

Despite Dogecoin’s meteoric rise and its role in inspiring countless imitators, Markus hinted that his own financial success falls short of what one might expect for the creator of the world’s leading memecoin.

Missed Opportunity

In a 2021 Reddit post, Markus revealed that he sold his entire crypto portfolio and stepped away from Dogecoin in 2015 after losing his job. He used some of the proceeds to buy a used Honda Civic.

Back then, Dogecoin was rewriting the rules of investing, having soared to an incredible $84.5 billion market cap, which was on par with Sri Lanka’s total economic output at the time and rivaled the valuations of legacy blue chips like IBM (NYSE:IBM) and American Express (NYSE:AXP).

In this post, Markus stressed that true value lies in joy, kindness, empathy and fun, rather than the relentless pursuit of wealth, a sentiment that contrasted sharply with the giddiness surrounding the early DOGE investors' newfound fortunes.

Fast forward to today, and Markus disclosed that the crypto portfolio he liquidated in 2015 included “50 Bitcoin, 440 Litecoin, and 6 million Dogecoin.”

At current prices, that portfolio would now be valued at around $4.1 million, adding a bittersweet twist to his story.

On the Flipside

Why This Matters

While Markus may regret his early exit, he can take comfort in Dogecoin’s legacy as a playful experiment that challenged norms and spawned a whole new genre of cryptocurrency.

Tesla’s Robotaxi event triggers rumors of a Dogecoin tie-in.

Dogecoin Skyrockets 20% Post-Tesla Robotaxi Spectacle

An a16z report noted a jump in crypto usage in 2024.

Crypto Users Triple in 2024: Which Chain Leads the Pack?

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