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Billy Markus, who is co-creator of the Dogecoin meme coin, wants the token to reach a huge market capitalization. In that sense, it aspires for the currency’s valuation to exceed $210.27 billion dollars, which would allow it to surpass IBM.
Markus, who is nicknamed Shibetoshi Nakamoto, is a critic of cryptocurrencies and claims that their creation was a parody and not a serious project. What he and Jackson Palmer sought was to ridicule Bitcoin by showing that anyone can create a token. Thus, the mission was to demonstrate that a handful of codes had no real value beyond speculation.
As time went by, both developers more or less maintained this vision of the crypto sector. They even currently state that they have no intention of getting involved, but rather of staying out of it. Although Markus spoke in a publication of X about the capitalization of DOGE, these were sarcastic words.
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The creator of Dogecoin comments ironically that if the currency exceeds IBM in capitalization, it would have more value than any company he has worked for. In this way, this statement about the performance of the largest of the memecoins is part of a personality based on the humor, criticism and irony that characterizes him.
i want dogecoin to be worth over 210.27 billion
the reason is that then it would be worth more than IBM, thus it would be worth more than any place I’ve ever worked at, which would be funny
— Shibetoshi Nakamoto (@BillyM2k) November 29, 2024
Dogecoin creator has no idea how to surpass IBM
Considering his post to be sarcastic, Markus did not offer an analysis of how or why DOGE would surpass IBM in capitalization. As already mentioned, the developer claims to have no interest in the memecoin. It should be remembered that he has generally described this token as Bitcoin in a dog’s costume, to express his rejection of this market.
Likewise, he comments that he has no interest in getting involved in any other token or related project. It is worth noting that the most ironic part of his story is that the currency he designed to humiliate the crypto market ended up becoming one of the largest in the world.
Anyway, your interest in DOGE surpassing IBM in capitalization is kind of a joke. In fact, a follower commented on his post with a question about the sustainability of that capitalization considering the currency’s current inflation rate. Markus’ response was a GIF that reads “who knows.”
While the creator of Dogecoin treats his coin as a parody, its price continues to report enormous performance. Despite the red numbers of the last few hours, the performance of the currency during the month of November was a dizzying +152.25%, according to CoinMarketCap.
If Elon Musk continues his promotion of the token in 2025, analysts do not rule out that it could exceed $2 dollars. Currently, the coin’s market capitalization is $61.7 billion, which means it is still quite far from catching up with IBM.
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