Elon Musk Reacts To Dogecoin Creator Calling Most Cryptos Scams

Dogecoin DOGE/USD co-creator Billy Markus appreciated Tesla Inc TSLA CEO Elon Musk’s reaction to a tweet in which the latter touched upon the poor reputation of cryptocurrencies and people associated with the segment.

What Happened: Markus tweeted that the reason why people think “crypto is 95% scams and garbage and most crypto people are assholes is because crypto is 95% scams and garbage and most crypto people are assholes.”

Musk let out a “rolling on the floor laughing” emoji in response to Markus’ tweet. The DOGE co-creator called Musk’s reaction “most correct.”

See Also: How To Get Free Crypto

Why It Matters: Markus said that the people who are going to be “triggered” and “lash out” at his tweet are “scammers” and “assholes.”

When a Twitter user pointed out that he invented DOGE and he is calling “95% of crypto is scams & garbage,” Markus said, “doge was literally made as satire because crypto is 95% scams and garbage.”

Markus recently took a jab at Terra (LUNA) co-creator Do Kwon and blamed the recent cryptocurrency crash on “tech bro hubris” and “degenerate gamblers.”

Price Action: DOGE traded 1.5% higher at $0.09 over 24 hours, according to data from Benzinga Pro.

Read Next: Vitalik Buterin Calls For Bank Deposit Insurance-Like Protection For Small Crypto Investors

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