Dogecoin (CRYPTO: DOGE) co-founder Jackson Palmer has said that he is glad that cryptocurrency didn’t make him rich because it keeps him humble.
What Happened: In a recent interview with The Project, Palmer said he would have had a “really weird view of the world” if he became a millionaire off a dog on a coin.
In 2021, Dogecoin rallied over 18,000% to an all-time high of 73 cents. The coin reached its peak price shortly before Tesla Inc (NASDAQ: TSLA) CEO and Dogecoin bull Elon Musk made an appearance on Saturday Night Live, with many expecting him to discuss the meme coin on air.
See Also: How to Buy Dogecoin (DOGE)
When asked whether he had made money out of his invention, Palmer said he had not.
“We thought it was going to be a joke and we didn’t keep any money or any of it,” he said.
Palmer left the project only a year after it was created and has now turned into a cryptocurrency skeptic, describing digital coins as speculative investments and comparing their market to an online casino.
“In many ways, I’m glad that it [Dogecoin] didn’t make me rich because I think it’s important to look at what it’s doing to the rest of society,” said Palmer.
“I think you kind of have rose-tinted glasses if you’re a crypto millionaire, you’re kinda like “Oh this is great”, while a lot of other people, I think, are unfortunately losing their money.”
Price Action: According to data from Benzinga Pro, DOGE was trading at $0.05, down 8.4% over the last 24 hours. The coin is trading 91.8% lower than its all-time high.
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