Dogecoin inventor thinks the cryptocurrency bubble will blow up in everyone’s face

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A cryptocurrency that originally started as a joke now has a market cap of more than $1.7 billion. And its founder thinks that’s a bad sign for the cryptocurrency market in general.

Jackson Palmer, currently a product manager at Adobe, created dogecoin — a fairly simple Bitcoin clone — back in 2013. Back before bitcoin become a global phenomenon, dogecoin quickly garnered a strong following, primarily focused on memes including dogecoin’s mascot, a Shiba Inu dog, and jokes about reaching “the moon,” which in crypto lingo means becoming rich. Read more…

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