Dogecoin Founder’s New DOGE, BTC, ETH Tweet Stirs Crypto Community

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Billy Markus, co-creator of Dogecoin, the first meme cryptocurrency launched in 2013 with Jackson Palmer, expressed his thoughts on the recent market turmoil in the crypto and stock sectors via social media platform X (previously known as Twitter).

Markus, also known as “Shibetoshi Nakamoto” on X, posted a screenshot of what could be his investment portfolio. He added a comment about the current situation, which sparked a vast reaction from his devoted fanbase.

DOGE founder’s crypto and S&P 500 tweet

Billy Markus recently posted a picture of a significant decrease in the value of his largest assets. The image includes the S&P 500, Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).

From Monday to Tuesday, Bitcoin, the most valued cryptocurrency globally, experienced a decrease of approximately 5.88%. This decline caused its value to drop from $72,370 to $69,390, resulting in a loss of roughly $2,500 – as indicated by Markus’s chart.

In the given screenshot, Ethereum is seen dropping by $135 to reach $3,512, while Dogecoin hit $0.190. These cryptocurrencies along with the S&P 500 index experienced a significant decline. This correlation indicates that the relationship between the value of cryptocurrency assets and the S&P 500 has reactivated once more.

wtf is this

— Shibetoshi Nakamoto (@BillyM2k) April 9, 2024

The screenshot accompanying his tweet reveals a complex emotional response from him, encompassing surprise, annoyance, and a hint of anger, elicited by the image shared on the red market.

Below his tweet, several of his fans expressed concern that persistent inflation is causing significant market declines. Some questioned the viability of popular cryptocurrencies and advocated for lesser-known coins with minimal market value.

Billy Markus suggests ideal Bitcoin price

According to an earlier report by U.Today, Markus expressed his thoughts on Bitcoin’s decline. He suggested transforming the leading cryptocurrency into a stablecoin. Additionally, he recommended a fixed price for it – $69,420.

Markus explained that he chose this specific number because it’s a “meme number.” He added with a laugh, “Memes hold the greatest significance in our universe.”

As Bitcoin experiences its ups and downs currently, the cryptocurrency world eagerly anticipates the upcoming halving. This significant event is now just nine days away.

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2024-04-10 11:14