In 2013, Billy Markus, along with Jackson Palmer, created Dogecoin (DOGE) as a joke to Bitcoin. Since then, Markus has turned into a crypto influencer, while Palmer has moved away from being public on platforms like Twitter, opting for a more reclusive approach. Having gained a significant following under the pseudonym “Shibetoshi Nakamoto”, Markus recently shared his thoughts on investments that are “not too exciting or scary” compared to cryptocurrencies. Here are the details…
New tweets of Dogecoin inventor drew attention
Offering valuable insights on crypto investments on Twitter, Markus highlighted a symptom of investors’ overexposure to any cryptocurrency. He claimed that one indicator of overexposure is that investors begin to develop emotional ties to the wildly speculative price movements of any cryptocurrency. Describing this phenomenon as a “good sign”, Markus emphasized the importance of maintaining a balanced and rational approach to investment.
if you feel emotional about the wildly speculative price of any cryptocurrency, that’s a good sign that you are overexposed
— Shibetoshi Nakamoto (@BillyM2k) May 19, 2023
For those looking for “less exciting and scary” investment alternatives to cryptocurrencies, Markus recommended evaluating assets such as the SPY (S&P 500 ETF) or high-yield interest rates. By proposing these options, he acknowledges that traditional investment avenues can provide a sense of stability and predictability that can appeal to risk-averse individuals.
Not actively investing in cryptocurrencies
Markus explained that unlike his involvement in the crypto space, he is no longer actively investing in cryptocurrencies. However, he stated that he still has some crypto assets from previous Dogecoin initiatives and tips he has received. In December of the previous year, Markus shared that he had to sell some of his Ethereum holdings to meet his 2022 tax obligations. Unfortunately, it had to sell at a loss, highlighting the challenges investors face when it comes to tax compliance in the crypto industry.
Markus drew attention to the psychological aspect of investing in cryptocurrencies in his recent tweets. He compared investing in crypto to investing in mental illness, suggesting that the speculative nature of the market can have a significant impact on the mental well-being of investors. Also, Markus voiced his opinion on immutable tokens (NFTs), claiming that those who invest in NFTs are even more mentally ill than those who choose to invest in cryptocurrencies.
cryptocoin.com Billy Markus, also known as Shibetoshi Nakamoto, an influential figure in the crypto community, continues to share his views and experiences, offering a unique perspective on the world of crypto assets. While he may have moved away from active crypto investments, his contributions and comments serve as valuable resources for both crypto enthusiasts and those exploring alternative investment avenues.
