The cofounder and owner of the fast rising cryptocurrency Dogecoin has said that he was forced to let go all his coins after he was sacked by his employer in 2015. He made this statement after he was asked about his opinion in the recent surge of the cryptocurrency that was widely regarded as a Meme and started like a joke.
“People are talking about Dogecoin going to $1 – that would make the ‘market cap’ larger than actual companies that provide services to millions, such as Boeing, Starbucks, American Express, IBM. Does Dogecoin deserve that? That is not something I can comprehend, let alone answer. It went from a silly joke to something worth something to people very quickly, and a community was developing fast, with lots of shady people and lots of new people, quickly putting up services and infrastructure around it,” Markus said.
Markus quickly added, “I don’t currently own any Dogecoin except what has been tipped to me recently. I gave away and/or sold all the crypto I had back in 2015 after being laid off and scared about my dwindling savings at the time, for about enough in total to buy a used Honda Civic.”
What you should know.
Dogecoin is one of the most volatile cryptocurrency and has recently provoked tweets from Tesla CEO Elon Musk and Billionaire investor Mark Cuban which aided the current surge.
What you must know.
Just like bitcoin, Dogecoin is a peer-to-peer, open-source cryptocurrency. Dogecoin trades under the ticker symbol “DOGE” and features the face of the shiba inu from the popular Doge meme as its logo. The currency have gone up in value and reached an all time gain of about 2,327% in the past 3 months.
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