Billy Markus, co-creator of the meme-based cryptocurrency Dogecoin, had an interview back in March with Bazinga where he revealed a story at how he sold all his digital assets for an equivalent amount just enough to buy a Honda Civic ($10,000).
In the discussion, Markus cited his uncertainty over Dogecoin, claiming of its obscurity, including a relative anonymity to Elon Musk, if not for the fact that it was based on a meme (doge). In addition, he also mentions having doubt in turning a “lighthearted, friendly, and amusing meme” into a “generic crypto” which he subsequently claimed as a “bad idea.”
To be fair, though, the notion that Markus sold all his Dogecoins to afford a Honda Civic would be inaccurate as he also told in the interview at how the selling also included other cryptocurrencies, such as Bitcoin and Litecoin, among others.
Having sold his Dogecoins, Billy Markus had missed the chance of maintaining an asset whose market capitalization is now at $79 billion, worth way more than all of the Honda Motor Co. Ltd. company whose own market cap currently sits at $54 billion.