As a seasoned crypto investor with a penchant for understanding the nuances of digital currency market dynamics, I find Billy Markus’s recent comments on Bitcoin intriguing. His sarcastic and playful nature is well-known within the community, and his latest tweets are no exception.
As a passionate crypto investor, I’ve been keeping an eye on the latest developments regarding the surge in Bitcoin‘s price. One of the co-creators of Dogecoin, Billy Markus, who together with Jackson Palmer, brought the iconic meme cryptocurrency into existence, has shared his thoughts on this recent Bitcoin price spike.
Underneath one of his tweets, the individual recognized as Shibetoshi Nakamoto (Markus) on social media, expressed his thoughts about whether Bitcoin (BTC) might eventually surpass $100,000 in value.
Markus’s “Bitcoin $100,000 prediction”
Regarding the latest increase in Bitcoin’s value from approximately $92,956 to $96,252, a rise of $4,609, the mysterious figure known as Shibetoshi Nakamoto made a witty comment on Twitter, saying: “Still kicking!
Billy Markus is recognized for his humorous and ironic style in social media posts, particularly when discussing topics like cryptocurrency trading and its market movements, at which point his wit becomes more pronounced.
IT LIVES
— Shibetoshi Nakamoto (@BillyM2k) November 27, 2024
On various occasions, he’s expressed doubt in analysts’ ability to understand what drives Bitcoin’s price fluctuations. Recently, when a commentator questioned Markus about whether Bitcoin would surpass $100,000, the Dogecoin co-founder responded with an animated GIF that read: “Here we go again.
— Shibetoshi Nakamoto (@BillyM2k) November 27, 2024
This week, the highest cryptocurrency dropped significantly from around $98,670, hitting a low of $90,900 between Monday and Tuesday. However, by Wednesday, Bitcoin bounced back, increasing by 7.12% to reach approximately $97,353. Since then, the digital equivalent of gold has fallen by 2.37%, now being traded at around $95,058. Numerous traders are currently cashing out their profits, keeping Bitcoin from surpassing $100,000. Lately, the founder of Capriole Investments fund characterized this level as the most substantial sell wall ever seen.
Dogecoin founder shows support for D.O.G.E.
Three days past, Shibetoshi Nakamoto expressed his backing for D.O.G.E (Department of Government Efficiency) via a tweet, stating explicitly, “I truly wish doge thrives.” Markus voiced apprehension about the state of the American economy, hinting at potential turmoil.
He believes that government spending should be taken under control: “It’s a quite literal death loop where the only solution is hyperinflation, which would ruin us.”
After concluding his tweet with “Onward, Shiba Inu!”, it was announced that Elon Musk, a close acquaintance, had been named one of the leaders in the recently established government agency. Now, he embarks on his new responsibilities.
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2024-11-28 15:00