The co-creator of dogecoin explains why he doesn’t plan to return to crypto: It’s ‘co

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The co-creator of dogecoin explains why he doesn’t plan to return to crypto: It’s ‘controlled by a powerful cartel of wealthy figures’

Jackson Palmer, the co-creator of the meme-inspired cryptocurrency dogecoin, made a rare return to Twitter on Wednesday with some harsh words about crypto in general.

“I am often asked if I will ‘return to cryptocurrency’ or begin regularly sharing my thoughts on the topic again. My answer is a wholehearted ‘no,’” Palmer tweeted on Wednesday.

In 2013, Palmer and Billy Markus created dogecoin as a joke based on the “Doge” meme, which portrays a shiba inu dog. Markus and Palmer didn’t intend for dogecoin to be taken seriously.

But the coin has recently taken off, and dogecoin is currently one of the top 10 cryptocurrencies by market value. Earlier this year, it hit an all-time high of nearly 74 cents. Despite its recent surge in popularity, Markus and Palmer haven’t profited, as they both sold out before dogecoin’s meteoric rise.

In his Twitter thread, Palmer criticized those in power in the cryptocurrency space, saying that it is “controlled by a powerful cartel of wealthy figures” who “have evolved to incorporate many of the same institutions tied to the existing centralized financial system they supposedly set out to replace.”

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