Benzinga - by Murtuza Merchant, Benzinga Staff Writer. Billy Markus, co-creator of Dogecoin and popularly known as Shibetoshi Nakamoto, offered insights into his views on cryptocurrency investments and his favorite coins.
Markus recently said, "My [number one] rule of crypto is never put more money into it than you’re willing to burn in a fire."
While Markus expressed his preference for major cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), he humorously described Dogecoin as "just bitcoin in a dog suit," in light-hearted comments that reflect Markus's playful approach to the meme coin he co-created.
Interestingly, Markus also mentioned his aversion to ERC-20 tokens, a popular standard for creating smart contract-based tokens on the Ethereum blockchain, stating, "I don’t like basically any erc-20 token."
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A follower responded to Markus's initial tweet with a witty remark: "But at least when I burn money, it makes a cool fire for a few seconds."
To which Shibetoshi playfully replied, suggesting, "There should be a website that shows a fire relative to your crypto wallet."
The broader crypto market has witnessed a sharp decline over the last couple of days, apparently over the Fed's signal of a rate hike, with the top 10 cryptocurrencies clocking in double-digit losses.
Major cryptocurrencies like Ripple (CRYPTO: XRP), Solana (CRYPTO: SOL), Dogecoin (CRYPTO: DOGE), and Shiba Inu (CRYPTO: SHIB) are trading down 18%, 12, 18 and 23% respectively, over the last seven days.
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