Dogecoin Co-Founder Questioned the Onset of Crypto Winter

Co-founder of Dogecoin (DOGE) Jackson Palmer in an interview with Crikey ruled out the onset of crypto-winter, noting the distribution of "mountains of money" by promoters of digital assets.

"They are waiting for a new batch of fools to come. This happens cyclically," the specialist said.

The co-founder of Dogecoin explained that collective memory tends to be erased. According to him, people no longer remember about the scams in ICO and NFT and are ready to invest in DAO and IGO.

Palmer expressed regret that the crypto market will not burst in the near future.

"More and more people are doing nothing but making money without making an effort. It kind of ruined our lives. There was a mental problem — things that seemed "strange" five or ten years ago have now become commonplace. Now, even if fraud is obvious, people are thinking, "Do I really care about this?"", — he explained.

The creator of Dogecoin sees the growth of "cynicism" regarding cryptocurrencies. From 2013 to 2020, he lost almost the entire environment of cryptosceptics, although now they have begun to "wake up" after losing money, Palmer noted.

The co-founder of Dogecoin again criticized Elon Musk.

"He's a fraud. He sells his vision for the future in the hope that one day he will be able to realize what he promises. But Musk doesn't know that," the expert said.

Palmer launched the Griftonomics podcast, in which he decided to develop criticism of the community.

Recall that in 2021, the co-founder of Dogecoin called the cryptocurrency an "ultra-right, hyper-capitalist technology" created to increase the welfare of already rich people.

In 2013, Palmer, together with a colleague at Adobe Systems, Billy Marcus, created the meme cryptocurrency Dogecoin. The developers did not expect that their project would be taken seriously. Two years later, they left the project and sold the DOGE they owned.