Dogecoin Creator Is HODLing Until $1 Billion BTC
- Susan SarandonOriginal
- 2024-11-16 06:18:25836browse
As Bitcoin's price struggles to secure a foothold above $90,000 while traders bank profits, one Dogecoin creator is not selling.
Billy Markus, the co-creator of Dogecoin (DOGE), has revealed his strategy for selling his Bitcoin (BTC) holdings and his plans for the future of the original meme coin.
In a post on the X social media platform on Friday, Markus stated that he will not sell his BTC holdings “until it's at 1 billion dollars each.” However, he later clarified that he owns less than 1 BTC, specifically 0.006 BTC (around $529 at current exchange rates).
Several users pointed out that Markus is one of the co-creators of DOGE, which now boasts a total market capitalization of over $52 billion. Interestingly, the Dogecoin founder revealed that he made only around $10,000 from creating DOGE.
Markus has previously disclosed that after being fired from his job in 2015, he sold his DOGE holdings and some other crypto assets and used the proceeds to buy a Honda Civic.
Together with programmer Jackson Palmer, Markus created DOGE in 2013 as a way to poke fun at the crypto industry. Despite its humble beginnings as a joke, DOGE has managed to gain widespread recognition and support.
The canine-themed crypto found a celebrity fan in eccentric centibillionaire Tesla/SpaceX CEO Elon Musk, who initially engaged in shitposting about DOGE and is now set to co-lead a new U.S. federal agency called D.O.G.E — yes, really.
DOGE was trading at around $0.15 on election day. Since then, the token has nearly tripled in value, almost hitting $0.43 on Nov. 12. When a commentator suggested earlier this week that this time DOGE might actually touch the much-longed-for $1 mark, Markus opined: “Nothing is impossible in the retarded world of cryptocurrency.”
Notably, the $1 threshold has a psychological appeal, inspiring a slew of “Doge to $1” memes in recent years.
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