Dogecoin Founder’s Bitcoin Crash Tweet Sparks Hot Discussion

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As a fellow enthusiast in the ever-evolving world of cryptocurrencies, I’d like to share some insights from Billy Markus, one of the creators behind the legendary Dogecoin, unveiled back in 2013. Known on social media as Shibetoshi Nakamoto, he recently voiced his thoughts on the current market trends. Let’s delve deeper into his perspective.

Specifically, he made a remark about the top-tier digital currency dropping over $4,000 within just 24 hours. Known for his witty, humorous, and sometimes ironic remarks regarding cryptocurrencies – particularly when they experience a downturn – Markus’s comments seem to reflect a cynical stance. He has neither endorsed Bitcoin as a form of value storage nor expressed any admiration for Dogecoin or other digital currencies he’s associated with.

Shibetoshi Nakamot’s comment on Bitcoin plunge

Over the last few hours, as a crypto investor, I’ve witnessed a significant drop in the price of Bitcoin, the largest digital currency by market capitalization. It plummeted nearly 5%, falling from approximately $95,300 to around $90,640. Fortunately, it has shown some signs of recovery and is currently trading at $90,900 per coin.

Last week, Bitcoin’s lowest point was $91,860, but surprisingly, it has dropped further and is currently trading below that price.

Billy Markus jokingly remarked about the recent drop in prices, posting a graph showing a falling Bitcoin value and simply writing: “Enjoy your Monday.

happy monday

— Shibetoshi Nakamoto (@BillyM2k) January 13, 2025

His tweet initiated a lively debate, with several analysts engaging in a discourse about the ongoing decline in Bitcoin’s value.

MicroStrategy announces big new Bitcoin purchase

In the meantime, seizing an opportunity during Bitcoin’s price drop, MicroStrategy – led by Michael Saylor – has declared another significant Bitcoin purchase. As stated in a document released today, the business intelligence firm acquired approximately 9,005 BTC, amounting to $243 million.

As a crypto investor, I’m thrilled to share that our company’s Bitcoin holdings have soared to an astounding 450,000 BTC, which translates to an eye-popping $40,586,688,000. This means we now own a significant 2.14% of the total 21 million Bitcoins in circulation. Just recently, on January 5th, our company made another impressive move by investing $101 million in Bitcoin.

The purchase was announced shortly before Bitcoin plummeted below the $91,000 price level.

In the previous year, Michael Saylor expressed his intention for MicroStrategy to keep Bitcoin indefinitely. Furthermore, he forecasted that within the next ten years, Bitcoin could potentially displace some of gold’s market value. If this were to occur, one Bitcoin might reach a cost of approximately $13 million, according to his prediction.

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2025-01-13 18:33