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Yuri Molchan
Prominent figure in the crypto space has named a “good sign” when you are overexposed to cryptocurrencies
IT engineer Billy Markus, who built the original meme coin DOGE together with Jackson Palmer back in 2013 as a joke on Bitcoin, has become an influencer not only in the crypto space by now, while Palmer prefers to stay away from exposing himself on Twitter.
Markus is known on Twitter as “Shibetoshi Nakamoto”.
Investment that is “less exciting or scary” than crypto
In a recent tweet, Markus opines on what investment assets can be “not very exciting or scary”, while crypto is both. He has also named a thing that signifies the moment when investors are getting overexposed to any cryptocurrency.
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
He tweeted that such a “good sign” of getting overexposed is when you start to “feel emotional about the wildly speculative price of any cryptocurrency”.
As an alternative way of investment to crypto, for those who prefer something “less exciting and scary” than crypto suggested by Markus are SPY or high yield interest rates.
buy boring stuff like SPY or put your money in a high yield interest rate account and it’s not very exciting or scary
— Shibetoshi Nakamoto (@BillyM2k) May 19, 2023
DOGE co-founder does not invest in crypto but still has some left
As for Markus, in his earlier tweets, he several times stated that he stopped investing in crypto almost immediately after Dogecoin was launched. However, he still has some crypto left from those times and from tips.
In December last year, Markus shared that he had to sell part of his Ethereum stash to pay taxes for 2022 and he was driven to sell at a loss. He has recently compared investing in crypto with investing in mental illnesses. As for NFTs, Markus tweeted that those who invest in them are even more mentally ill than those who pick crypto.