Dogecoin Founder Issues Major Crypto Crash Warning

utoday
18 Jul

Billy Markus, a software engineer who created the iconic meme cryptocurrency, Dogecoin, in collaboration with Jackson Palmer, issued a major warning about a potential crypto crash.

He also revealed a list of his favorite cryptocurrencies. DOGE, of course, is on it, apart from a few others.

Markus is known on X and other social media platforms under the pseudonym Shibetoshi Nakamoto, which is a jesting reference to the Bitcoin creator, Satoshi Nakamoto. Besides, DOGE also contains a reference to Bitcoin, since Dogecoin is based on the BTC code.

"Crypto crash" warning from Dogecoin creator

Shibetoshi Nakamoto is known for his jesting and sometimes also sarcastic statements on various topics on X, including cryptocurrency price movements and crypto trading. This time, he published a tweet that might be viewed as a major crypto warning if it were not for one nuance.

He warned investors not to open the website of real-estate platform Zillow since it may cause crypto prices, even high ones, to drop instantly: “Remember, no matter how high crypto goes, don’t open zillow, it’ll cause an instant crash.”

Markus added: “All crashes are cuz someone opened zillow,” ironically reflecting on research that noted that real estate goes up in price once the crypto market faces a correction. It is another example of Markus’s ironic attitude to the cryptocurrency market and its volatility.

Commenting on the current crypto market bull run, he jokingly tweeted: “Crypto should go up 8% every day imo.”

DOGE founder's favorite cryptos revealed

In a recent tweet, Markus revealed his four favorite cryptocurrencies, providing the reasons why he chose those particular coins. Apparently, this tweet came as a response to multiple questions and requests to share his crypto preferences.

Number one for Shibetoshi Nakamoto is the king crypto, Bitcoin - because it’s “the OG” (“original gangster”). Ethereum comes second on the list since Markus holds some of it. The third one is Dogecoin (because “I made it”). Finally, number four is AVAX - because Billy Markus is fond of playing computer games.

Last year, Markus also revealed that he holds Bitcoin. However, the amount is much smaller than just one coin - 0.006 BTC, currently worth $712.63.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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