Billy Markus, known as the co-creator of Dogecoin (#doge⚡ ), one of the most famous meme cryptocurrencies, and who adopted the nickname Shibetoshi Nakamoto, has once again touched upon the topic of his cryptocurrency holdings.
Poor Investments and Buying Memecoins
In response to a question from his followers about whether he is investing in any new digital assets, Markus admitted that he bought a Solana #meme_coin called Moo Deng. However, he regretfully added that the coin's price dropped significantly, and he acknowledged that he’s not good at buying tokens.
Selling His Entire Crypto Portfolio
The discussion then shifted to how he handled his Dogecoin holdings. Markus revealed that on one particular day, he not only sold all his meme coins but his entire cryptocurrency portfolio.
At the time, he sold 50 Bitcoins (#BTC☀ ), 440 Litecoins (#Ltc🔥🔥 ), and 6 million DOGE "in one go." Back then, these funds were enough to buy a Honda Civic. However, if we calculate these assets at today’s prices, his portfolio would be worth approximately $3.76 million.
Why the Dogecoin Creator Sold His Holdings
Many may not know that Billy Markus sold his #Cryptocurrencies because he left his job and needed money to live on. Additionally, in 2015, he no longer felt comfortable with the direction the DOGE community was heading, which was another reason he decided to sell his coins.
Markus’ Influence in the Crypto World Remains Strong
Despite giving up a multimillion-dollar crypto portfolio, Markus, or Shibetoshi Nakamoto, remains a key figure in the crypto world. He has two million followers on X (formerly Twitter), reflecting his growing social capital and continued influence in the space.
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