Billy Markus, one of the Dogecoin founders, has taken to Twitter to criticize the hype that sometimes surrounds cryptocurrencies and is used by people who wish to get rich quickly by riding this wave. Elon Musk tweeted in support.
Markus says that hype does not last long as these “get rich quick people” dump their crypto quickly to reach their goal and bail out. When they see a new wave of hype coming, they get on it as well.
In order to own crypto or any other asset that should be worth more in the future than it is now, value must be added to it, Markus says.
The Tesla CEO, eccentric centibillionaire Elon Musk, as often happens, stepped in with a comment. He wrote in support of Markus’ statement.