Dogecoin Co-Creator Markus Criticizes Crypto Market, Ripple CEO Dismisses DOGE's Utility

According to U.Today, Billy Markus, co-founder of the meme cryptocurrency Dogecoin, has expressed his views on the unpredictability of the cryptocurrency market. Known on social media as Shibetoshi Nakamoto, Markus frequently receives questions from his 2.1 million followers about potential surges or falls in cryptocurrency prices. He finds these inquiries amusing, stating that no one can predict the fluctuations of what he refers to as a 'degenerate casino'. This is not the first time Markus has shared such views. On June 2, he agreed with popular NFT artist and collector Nate Alex's tweet that described the crypto market as a 'rigged casino'. Markus added that it is filled with 'mostly dumb people larping as smart people'. In other news, Ripple Labs CEO Brad Garlinghouse criticized Dogecoin during the Consensus2024 crypto event. Garlinghouse stated that he does not see any use case for Dogecoin, echoing a similar sentiment he expressed at the World Economic Forum in Davos in January. He suggested that the only purpose for Dogecoin seems to be its association with Elon Musk.