'Best Reason to Exist': Dogecoin Creator Defends Bitcoin’s Role as 401(k) Alternative
Dogecoin co-creator Billy Markus has defended Bitcoin's potential role as an alternative to traditional retirement savings, calling it the 'best reason to exist' during a market downturn.
The discussion emerged as cryptocurrencies faced significant market pressure, with Bitcoin falling to a three-month low below $63,000 and Dogecoin dropping to $0.055, its lowest level since June 2023. The market crash resulted in $1.92 billion in liquidations over 24 hours, according to CoinGlass data, with long positions accounting for $1.59 billion of the losses.
Market Response
An X user commented on the market drop, stating 'Cash out or crash out,' prompting a discussion about Bitcoin's role in investment portfolios. Markus responded with his personal trading approach, saying 'I just sell immediately and hold very little since the market is just a delusion indicator and that's too random to track.'
bitcoin has the best reason to exist as the og, ethereum is a massive failure of its own goals but has positive brand recognition, they're all dumb tokens for degenerates
Retirement Integration
When another user suggested Bitcoin could be 'a good 401k replacement imo,' Markus agreed, stating 'Bitcoin has the best reason to exist as the OG.' This exchange comes as more traditional investors explore digital assets for retirement planning.
Asset manager Fidelity has been at the forefront of this trend, allowing Bitcoin in 401(k) plans with employer approval. The company, one of the largest 401(k) providers in the U.S., announced a new retirement plan in 2025 enabling direct investment in cryptocurrencies including Bitcoin, Ethereum and Litecoin.
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