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95% of Crypto Are “Scams and Garbage” Says Dogecoin Founder

In a recent tweet, Dogecoin co-founder Billy Markus stated that 95% of cryptocurrencies are "scams and garbage."

Markus was accused of lacking self-awareness by some users because he co-founded a cryptocurrency that spawned numerous scam currencies.

The Dogecoin co-founder defended himself by claiming that the world's most famous meme coin was created as "satire." Markus has stated that quality over quantity is important to him.

Despite the fact that many people dismissed the coin as a fraud, it managed to make some of its supporters millions through the boost by Elon Musk making memes and tweeting about it.