Dogecoin Founder Shares Regrets Over Crypto Sales and Bad Investments

Billy Marcus, known as "Shibetoshi Nakamoto," one of the creators of Dogecoin (DOGE), recently discussed his cryptocurrency holdings.

When asked by followers about his investments in newly launched digital asset projects, Marcus revealed that he purchased the Solana-based Moo Deng meme coin. However, he admitted that its value has dropped significantly, adding that he finds it difficult to invest in tokens.

oh i bought moodeng at 29 cents and it went way down after lol

i am very bad at buying tokens

also i bought coinbase stock at 380

yeah

my track record is awful lol

— Shibetoshi Nakamoto (@BillyM2k) October 1, 2024

Further into the conversation, Marcus also revisited his past with Dogecoin. He shared that he sold not only his DOGE stock, but his entire crypto wallet, which included 50 BTC, 440 LTC and 6 million DOGE.

Marcus added that at the time, the proceeds from this sale were enough to buy a Honda Civic. Today, however, that same wallet would be worth approximately $3.76 million.

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Many crypto enthusiasts may not know that he parted with his crypto assets because he quit his job and needed funds to support himself. Additionally, he felt uncomfortable with the direction the Dogecoin community took around 2015, which motivated his decision to distance himself from his creation.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.