Dogecoin Founder Reflects on Sale of His DOGE for a Honda Civic

• Billy Markus sold his Dogecoin for a $10,000 Honda Civic in 2015, showing no regret.  
• Markus holds a small amount of DOGE and Bitcoin, humorously commenting on his past decisions.  
• Markets briefly dipped after Powell’s interest rate cut, but Bitcoin rebounded to $64,000.  

Billy Markus, co-creator of the meme cryptocurrency Dogecoin, recently revisited his decision to sell nearly all of his DOGE holdings nine years ago. Markus, who goes by Shibetoshi Nakamoto on the X social media platform, shared insights about his sale while defending Elon Musk from criticism by certain U.S. politicians. 

These officials, including the governor of California, had expressed their discontent with Musk over his online activities, including posting memes.

During the discussion, crypto enthusiast @ChadCaff posted a screenshot of an article that highlighted Markus’ sale of his Dogecoin for a Honda Civic in 2015. The article title stated, “Dogecoin creator sold all his coins for a $10,000 Honda.” 

When asked by the X user whether he would similarly sell his Dogecoin-related assets, Markus responded with a light-hearted “godspeed all,” showing no regret over his decision. 

Markus, who has occasionally commented on his early involvement in Dogecoin, revealed earlier this year that he still holds a small amount of DOGE and 0.006 Bitcoin (BTC). 

His relaxed approach to his past financial decisions continued when another user inquired if his financial situation had forced him to sell all his crypto. Markus humorously replied, “Whatever I hold goes to 0 in like 5 hours,” implying that his past experiences might have influenced his quick sales.

This week, Markus shared his thoughts on the latest financial developments, trolling Bitcoin bulls after Federal Reserve Chairman Jerome Powell announced a reduction in the annual interest rate by 50 basis points. 

While experts had predicted a significant rise in both the stock and crypto markets, initial reactions were bearish. Markus shared screenshots showing declines in the S&P 500, Bitcoin, and Ethereum, teasing those who had expected prices to soar.

Following this initial drop, the markets did recover. Bitcoin experienced an 8% gain, briefly touching $64,000 before settling just above $63,000 at the time of writing.