Dogecoin Co-Founder Blasts Modern Financial Markets As 'Insane Stupidity'

[ad_1] <br><div><div class="article-submitted-content"><p> <span class="date">March 14, 2023 12:47 AM</span> | <span> 1 min learn </span></p></div></div><div id="article-body"><p><strong>Dogecoin </strong>(CRYPTO: <a target="_blank" class="ticker" href="https://www.benzinga.com/quote/doge/usd" rel="noopener">DOGE</a>) co-founder <strong>Billy Markus </strong>— popularly referred to as <strong>Shibetoshi Nakamoto </strong>— has fiercely criticized fashionable monetary markets, dubbing them as “insane stupidity."</p><p><strong>What Occurred: </strong>In a tweet on Monday, Markus stated, “Please at all times keep in mind that each single factor about fashionable monetary markets is batsh*t insane stupidity.”</p><p><strong><em>See Extra</em>:</strong><a target="_blank" href="https://in.benzinga.com/content/30481549/top-indian-apps-that-give-bitcoin-nft-rewards" rel="noopener"><em><strong> </strong>Top Indian Apps That Give Bitcoin, NFT Rewards</em></a></p><div class="sc-efaPnb hZQNi"><div class="amp-hubspot-form"><h3 class="amp-hubspot-form__title">ENTER TO WIN $500 IN STOCK OR CRYPTO</h3><p class="amp-hubspot-form__description">Enter your e mail and you may additionally get Benzinga's final morning replace AND a free $30 present card and extra!</p></div></div><p>At a time of uncertainty within the banking sector, buyers have seen two main US banks — <strong>Silicon Valley Financial institution, </strong>a subsidiary of the <strong>SVB Monetary Group</strong> (NASDAQ:<a target="_blank" class="ticker" href="https://www.benzinga.com/stock/SIVB#NASDAQ" rel="noopener">SIVB</a>), and <strong>Signature Financial institution </strong>(NASDAQ:<a target="_blank" class="ticker" href="https://www.benzinga.com/stock/SBNY#NASDAQ" rel="noopener">SBNY</a>) — collapse. In an effort to guard depositors and avert a systemic meltdown, U.S. regulators stepped in to rescue the 2 banks.</p><p>Twitter chief <strong>Elon Musk</strong> chimed into the dialog and stated, “Not far fallacious,” affirming that he agrees with Markus.</p><div class="bz-campaign bz-campaign-middle"><span data-nosnippet=""><p><a target="_blank" href="https://www.benzinga.com/premium/ideas/bz-optionsurge-lp/?utm_source=campaignifymiddleb" rel="noopener"><amp-img src="https://images.clickfunnels.com/d6/3d1961a6d5455db36bdef5246ab5c6/17.png" width="664" height="200" i-amphtml-ssr="" data-hero="" class="i-amphtml-layout-fixed i-amphtml-layout-size-defined" style="width:664px;height:200px;" i-amphtml-layout="fixed"><img class="i-amphtml-fill-content i-amphtml-replaced-content" decoding="async" src="https://images.clickfunnels.com/d6/3d1961a6d5455db36bdef5246ab5c6/17.png"/></amp-img></a></p></span></div><blockquote class="twitter-tweet"><p>please at all times keep in mind that each single factor about fashionable monetary markets is batshit insane stupidity</p>— Shibetoshi Nakamoto (@BillyM2k) <a target="_blank" href="https://twitter.com/BillyM2k/status/1635441405811384320?ref_src=twsrc%5Etfw" rel="noopener">March 14, 2023</a></blockquote> <p><strong>Value Motion: </strong>DOGE was buying and selling at $0.072, up 3.35% within the final 24 hours, <a target="_blank" href="http://pro.benzinga.com" rel="noopener">according to Benzinga Pro data.</a></p><amp-fx-flying-carpet height="600" data-reactroot="" class="i-amphtml-layout-fixed-height i-amphtml-layout-size-defined" style="height:600px;" i-amphtml-layout="fixed-height"><amp-ad data-block-on-consent="" data-lazy-fetch="true" data-slot="/15188745,4107070/Benzinga-AMP/AMP-FlyingCarpet" height="600" layout="fixed" rtc-config="{"urls":["https://api.floors.dev/sgw/v1/amp/floors?k=QBNaieBwWeBYMRGsreCNdCsuWLTtmZ&data-slot=/15188745/Benzinga-AMP/AMP-FlyingCarpet"],"vendors":{"aps":{"PARAMS":{"amp":"1"},"PUB_ID":"600","PUB_UUID":"16268e26-dabe-4bf4-a28f-b8f4ee192ed3"},"criteo":{"NETWORK_ID":4905,"PUBLISHER_SUB_ID":"Benzinga-AMP-FlyingCarpet","ZONE_ID":1382492},"medianet":{"CID":"8CU8ZT2C4"},"t13":{"ACCOUNT_ID":"9a3c6c23-453a-4cba-b419-30b908f39a50","TAG_ID":"f62c6d8b-6b03-4ae3-a4f0-d8b1f6631f58"}}}" type="doubleclick" width="300" class="i-amphtml-layout-fixed i-amphtml-layout-size-defined" style="width:300px;height:600px;" i-amphtml-layout="fixed"/></amp-fx-flying-carpet><p><strong><em>Learn Extra: </em></strong><a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/23/03/31333182/bitcoin-ethereum-dogecoin-surge-amid-financial-stability-woes-analyst-sees-apex-crypto-bre" rel="noopener"><em>Bitcoin, Ethereum, Dogecoin Surge Amid Financial Stability Woes, Analyst Sees Apex Crypto Breaching $25K As FOMO Grips Investors</em></a></p></div><p>© 2023 Benzinga.com. Benzinga doesn't present funding recommendation. All rights reserved.</p><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <br>[ad_2] <br><a href="https://www.benzinga.com/amp/content/31333383">Source link </a>