DOGE Creator Says ‘I’m Pre-Rich’, Sparking Hot Crypto Discussion

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As a fellow crypto enthusiast and long-time follower of Shibetoshi Nakamoto, I must say his recent tweet about being “pre-rich” has me both chuckling and pondering. While it’s no secret that Dogecoin has skyrocketed in value since its humble beginnings as a joke, I remember when Billy sold most of his crypto holdings to buy a used Honda Civic back in 2015 – talk about a far cry from riches!

As an analyst, I’d rephrase that statement like this: In my analysis, Billy Markus – famously known as ‘Shibetoshi Nakamoto’ on social media for his creation of the meme-based cryptocurrency Dogecoin – has sparked a response within the community with his recent humorous tweet regarding wealth.

In a characteristic witty and humorous manner, Shibetoshi Nakamoto posted on Twitter, “I’m pre-affluent.” His tweet references the popular trend on social media where the term “pre” is used extensively due to its versatility. Specifically in this instance, Billy Markus suggests that he is near becoming wealthy.

i’m pre-rich

— Shibetoshi Nakamoto (@BillyM2k) December 23, 2024

DOGE founder triggers community’s reaction

However, this can hardly be applied to his crypto bags as many times earlier this year, he reminded the community on the X app that he does not hold tonnes of crypto. In particular, he holds 0.006 BTC and a small stash of Dogecoin. He sold almost all his crypto holdings back in 2015 to buy a used Honda Civic. This story has become of the DOGE lore – back then, Markus did not expect his brainchild Dogecoin to become a popular cryptocurrency worth almost $47 billion in market capitalization and a favourite crypto of the world’s richest person and entrepreneur Elon Musk.

Looking at the bigger picture, his tweet could be seen as reflecting the aspirations of many crypto enthusiasts who hope to transform their digital currency holdings into substantial US dollar wealth. These individuals are anticipating a surge in altcoins starting from 2025, as it appears that Bitcoin is beginning a period of consolidation. Historically, such rallies in altcoins have followed a reversal in Bitcoin’s growth and an influx of investment into promising, affordable cryptocurrencies, a pattern observed multiple times over the past few years.

Markus’s audience on platform X expressed keen interest, sharing their diverse perspectives about early stages (their “pre” states) in discussions centered around affluence and wealth.

Markus’s “WAGMI” tweet on crypto plunge

Last week, Shibetoshi Nakamoto published two tweets, reacting to the crash of the crypto market and Bitcoin, Ethereum, Dogecoin in particular. With dark irony, he tweeted: “So glad I quit my job.”

When an X user commented “WAGMI”, meaning “We’re all gonna make it”, Markus replied with an animated GIF, sort of agreeing with that positive and bullish statement. On that day, Bitcoin first dropped from above $102,000 to $96,000 and then went further down below $94,000 following bearish comments of the Fed chair Jerome Powell.

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2024-12-23 13:06