‘I Really Hope D.O.G.E. Is Successful,’ Dogecoin Founder Says, Here’s Why

by

As a seasoned crypto investor with a penchant for quirky handles and a knack for spotting potential, I can’t help but feel a surge of optimism when I see Shibetoshi Nakamoto, the man behind Dogecoin, rallying support for Elon Musk. The synergy between these two trailblazers, both known for their audacious vision and disruptive spirit, is palpable.

Billy Markus, often referred to online as Shibetoshi Nakamoto, the co-creator of Dogecoin along with Jackson Palmer in December 2013, consistently shares messages expressing his support for Elon Musk and his endeavors.

This time around, Markus shared a tweet expressing approval and motivation towards Elon Musk’s new role as head of the US Department of Government Efficiency, also known as D.O.G.E., which is similar to the name of Dogecoin (DOGE) – a term favored by the tech tycoon and influencer.

“Go Doge go”: Shibetoshi Nakamoto

Markus directly expressed his sentiments without mincing words or hiding his usual playful banter on Twitter: “I truly hope the Doge initiative succeeds.” If this endeavor by the new U.S. president doesn’t work out, according to him, America might encounter significant difficulties: “If it doesn’t, it seems like the USA could be in deep trouble.

In his latest statement, he reiterated a point he’s made before, echoed by Elon Musk and other finance and business leaders. Namely, they think that the excessive spending by the U.S. needs to be curbed. According to Shibetoshi Nakamoto, this issue stems from constant money printing, which in turn leads to its devaluation. He goes on to warn that we’re in a vicious cycle where the only potential resolution is hyperinflation, but such a scenario would have disastrous consequences for us.

I truly wish Dogecoin thrives. If it doesn’t, it seems like we’re in a difficult situation. This isn’t about politics – if we can’t manage our spending, it sets off a vicious cycle leading to hyperinflation as the only possible outcome, which would be disastrous for us. Let Dogecoin soar!

— Shibetoshi Nakamoto (@BillyM2k) November 25, 2024

“Go doge go,” he added, without bothering to spell the “doge” in his tweet look like “D.O.G.E.”

Dogecoin founder sides with Elon Musk against SEC

In the recent $44 billion Twitter acquisition investigation led by the SEC, I managed to secure a minor yet impactful triumph for Elon Musk last week.

On a Saturday, Elon Musk shared a tweet confirming that the Supreme Court had denied the SEC’s appeal to penalize him for disregarding his court testimony in September. Despite this, he appeared again for another hearing on October 3 and reimbursed the SEC team’s travel expenses totaling $2,923. In a Saturday post on his platform, Musk jokingly referred to the SEC as “SEC,” implying that the middle word is indeed his name, but he often forgets what the other two words represent.

Billy Markus expressed his frustration: “That’s really bothersome, that group.” Some XRP and DOGE supporters, along with Shibetoshi Nakamoto, applauded Musk while criticizing the SEC.

Currently, the SEC chair, Gary Gensler, has announced on Twitter that he plans to step down from his role in January 2025, which is towards the end of next year.

Read More

2024-11-25 14:27