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Elon Musk Reacts To Dogecoin Creator’s Tweet That 95% Of Crypto Is ‘Scams And Garbage’

Dogecoin DOGE/USD co-creator Billy Markus appreciated Tesla IncTSLA+3.34%+ Free Alerts 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.”

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.”

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