Co-founder of Dog Coin slams modern financial market as “crazy and stupid”

Co-founder of Dog Coin slams modern financial market as crazy and stupid

On March 14, Billy Marcus, the co-founder of Dog Coin, slammed the modern financial market, saying that everything happened in the market was “crazy and stupid”, apparently referring to the recent collapse of banks such as Silicon Valley Bank. Marcus wrote in a tweet on Monday: “Please always remember that everything in the modern financial market is crazy and stupid.” At this uncertain moment, investors have seen the collapse of SVB Financial Group, the parent company of Silicon Valley Bank, and Signature Bank, the largest cryptocurrency bank in the United States. In order to protect depositors and avoid systemic collapse, the US regulators rescued the two banks. Elon Musk, CEO of Tesla and Twitter, responded: “That’s almost the case”, agreeing with Marcus. (Golden Ten)

The founder of Dog Coin said that the bank incident in Silicon Valley was “extremely stupid”, and Musk agreed

Analysis based on this information:


Billy Marcus, the co-founder of Dog Coin, expressed his frustration with the modern financial market on March 14. He described it as “crazy and stupid”, likely referring to the recent collapse of banks such as Silicon Valley Bank and Signature Bank, which led to concerns about the safety of depositors and the potential for systemic collapse. In a tweet, Marcus warned investors to remember the volatility of the market, cautioning against overconfidence in its stability.

The timing of this message is significant, given the recent events affecting banks and financial institutions in the United States. SVB Financial Group and Signature Bank were among the casualties of the market’s downturn, leading regulators to intervene to prevent a full-scale collapse. The situation highlights the inherent risks involved in the financial market and the need for caution when making investments, especially in the current climate where uncertainties abound.

Elon Musk responded to Marcus’ comments with his trademark wry humour, stating that he agreed with the co-founder of Dog Coin. This adds to the growing number of voices in the business and tech spheres who see the modern financial market as inherently unstable and precarious, with investors vulnerable to sudden and unexpected losses.

Overall, Marcus’ warning about the “crazy and stupid” nature of the modern financial market, and the subsequent response from Musk, highlights the need for caution and awareness among investors. Recent events have demonstrated that even seemingly stable and reputable financial institutions, such as Silicon Valley Bank, can suffer significant losses, and that regulatory intervention may be necessary to maintain the stability of the market. As such, it is imperative that investors exercise prudence when conducting transactions and remain cognizant of the risks involved in the current financial climate.

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