The Rise of Dogecoin CEO Billy Markus net worth With the stock market hiatus going on with GameStop and the war between Redditors and the top 1% of the USA, one of the Crypto that took a huge rise is Dogecoin.
Dogecoin is a cryptocurrency like BitCoin created by Billy Markus and his partner and fellow software engineer Jackson Palmer. Currently, Dogecoin is valued at $0.036 per stock, and therefore Billy Markus net worth has taken a boom.
While Dogecoin has risen to a net worth of $600 million in a span of few weeks, Billy Markus has been living under the shade and has not come up to prominence or into the limelight for creating such a meme-involved cryptocurrency.
The Shiba-Inu-themed crypto has contributed the maximum to Billy Markus net worth. But who is Billy Markus? Elon Musk has been all over the news for creating a multimillionaire company, but why has Billy Markus been under the sheets?
The fact that Billy Markus and Jackson Palmer created Dogecoin as a joke contributes to why they have been under social media’s radar until today.
Who is Billy Markus and Why is ‘Billy Markus net worth’ a conversation?
Billy Markus is a software engineer who works in IBM. He is from Oregon, United States, and while he says he is no longer associated or no longer work with Dogecoin, being the founder of the Dogecoin and the skyrocketing fame it has taken in recent times has led to several news outlets covering Billy Markus and are in dire need of finding his net worth.
On December 8, 2013, Billy Markus and Jackson Palmer, being keen enthusiasts of memes and the online culture, decided to develop a currency for the online community.
They call it a “joke currency,” and soon, by January 2014, Dogecoin reached a market capitalization of 60 million US dollars. As of January 2018, it went to a whopping 1 billion US dollars.
Although Dogecoin took the internet community by storm, it has resurrected due to Reddit and Twitter and has reached an all-time high of $5.2 billion.
Several analysts and experts could only estimate said Billy Markus net worth. Although there is no concrete evidence of his current net worth, it is rumoured to be within $100-500 million. “It was always like a hobby project, like a side project thing,” says Palmer in an interview. The hobby that started as a joke has led to defining two software engineers to become millionaires. The internet community has made Dogecoin famous and has also done several other fundraising events that help society in a better way.
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Internet and the Doge community
The “Doge Community,” named after a meme of a Shiba Inu dog named Doge, has supported so many charity events. During the 2014 Winter Olympics, the community raised more than $35,000 for the Jamaican Bobsled Team.
The whole internet community knows Billy Markus by his alias or the pseudonym he goes by on Twitter, Shibetoshi Nakamoto. While Dogecoin is a peer-to-peer digital currency, the reason for creating the cryptocurrency, as Billy states, is to move away from all controversy caused by so many other cryptocurrencies.
Billy Markus reached out to Jackson Palmer, who was working Adobe, and jokingly tweeted, “Investing in Dogecoin, pretty sure it’s the next big thing.” Ten days later, Billy Markus contacted Palmer about developing it together. While the first thought that Markus had was that the concept is so funny. “I should just make this coin,” said Billy Markus to Insider in 2013. A funny thought and a joke of a tweet led to the development of the ninth most prominent cryptocurrency in the world with a multi-billion market cap.
Elon Musk can be considered an important reason for the rise in the said Dogecoin CEO Billy Markus net worth and Dogecoin’s market value. Musk, the world’s richest man, tweeted in favour and support of Dogecoin, leading to a 420% rise in the market value of Dogecoin.
The traction the tweet gained led to people uncovering the hidden gems behind the creation of Dogecoin. Billy Markus and Jackson Palmer consider themselves a part of the internet community.
While they have not made any prominent appearance outside of tweets and a couple of interviews, the pair’s background has been very much of a national secret. There has been no information on their family, their marital status, or their current whereabouts.
Dogecoin CEO- Billy Markus, a bespectacled man and an avid member of the meme and internet community, working in IBM as a software developer, has risen to become a hero to the people with the ongoing war against the wealthy.
The said Billy Markus net worth has been much of curiosity in recent times.
However, the people of the Reddit community have come to a consensus that the net worth of Dogecoin CEO Billy Markus does not matter as they claim him to be the hero of the internet community for coming up with the most innovative and serious joke of current times.
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