Dogecoin Founder Debunks Popular ‘Fool-Proof’ Way to Get Rich

As a seasoned crypto investor and follower of Shibetoshi Nakamoto (Billy Markus) and Elon Musk, I find myself constantly intrigued by their insights into this volatile market. While Billy’s recent tweet about the futility of lotteries serves as a reminder that even the creator of Dogecoin can’t beat the odds, it also reinforces the unpredictable nature of both traditional and crypto investments.


Billy Markus, co-creator of Dogecoin, the well-known meme cryptocurrency, and often referred to as Shibetoshi Nakamoto on the X platform, recently addressed his 2.1 million followers on X with a tweet that contradicted common beliefs about becoming wealthy.

This “absolutely reliable” approach is known as a lottery, and Markus posted the results from his efforts to secure a significant wealth on his social media profile (X).

“Game of chance fails to work for DOGE creator”

Billy Markus expressed his thoughts about the lottery, stating it as a widely used method for increasing wealth or simply earning effortless income. He mentioned in his tweet that despite putting in great effort, he unfortunately didn’t experience any fortunate break.

i tried so hard and got so far
but in the end

— Shibetoshi Nakamoto (@BillyM2k) August 29, 2024

It appears that Shibetoshi Nakamoto often views cryptocurrencies as similar to lotteries and has frequently expressed this view in his tweets over the years. He has likened cryptocurrency trading and investing to a mental condition, suggesting that it’s not always easy to predict whether Bitcoin or any other cryptocurrency will increase or decrease in value. According to him, there is no surefire way to know for certain which direction BTC or any other crypto will move.

Earlier this week, Markus posted on Twitter a snapshot of an article from CoinDesk suggesting that Bitcoin’s price drop was due to traders cashing out their gains. In the post, he humorously inquired if his followers were indeed doing so.

Elon Musk wins $258 billion DOGE lawsuit

According to an earlier report by U.Today, Elon Musk, a prominent and influential figure in the world, has successfully resolved a lawsuit against him that was initiated two years ago concerning Dogecoin. The accusing party consisted of investors who claimed they faced losses after purchasing Dogecoin, which Musk had previously endorsed beforehand.

The legal action asserted that the tech mogul was involved in an operation resembling a Ponzi scheme. Furthermore, it alleged that Elon Musk gained wealth at the cost of Keith Johnson and other investors, primarily through advocating for Dogecoin.

In 2021, he referred to himself as “The Father of Dogecoin” on Twitter and additionally endorsed Dogecoin during his first appearance on Saturday Night Live. This led to a significant increase in Dogecoin’s value, reaching a record high of $0.7376. However, at present, the price of DOGE is 86.22% lower than its peak of $0.1015.

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2024-08-30 17:42