Dogecoin Co-Founder Doubts Crypto Winter Is Coming

Dogecoin (DOGE) co-founder Jackson Palmer, in an interview with Crikey, ruled out the onset of a crypto winter, noting the distribution of a ‘mountain of money’ by promoters of digital assets.

Jackson told me he’s worried about the normalisation of grifts (the topic of his new podcast) @griftonomics) as people are no longer ashamed of, particularly in crypto

“I think people think that if they make money, it’s OK. Hustle, hustle, make money.https://t.co/bEF2at8UFB

— cameron wilsson (@cameronwilson) May 30, 2022

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

Palmer explained that collective memory tends to fade. He said people no longer remember scams in ICO and NFT and are ready to invest in DAO and IGO.

Palmer expressed regret that the crypto market will not crash anytime soon.

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

The Dogecoin creator sees cynicism toward cryptocurrencies rising. From 2013 to 2020 he lost almost the entire circle of crypto-skeptics, though they have since begun to wake up after losing money, Palmer noted.

The Dogecoin co-founder again criticized Elon Musk.

He’s a fraud. He sells his vision of the future in the hope that someday he will be able to deliver what he promises. But Musk doesn’t know it, the expert said.

Palmer launched the podcast Griftonomics, in which he aims to sharpen his critique of the community.

Back in 2021, the co-founder of Dogecoin called the cryptocurrency «ultra-right, hyper-capitalist technology», created to increase the wealth of the already wealthy.

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

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