Billy Markus teamed up with Jackson Palmer in 2013 to create Dogecoin, a well-known cryptocurrency influenced by memes. The genesis of DOGE stemmed from the popular meme image of Kabosu dog and served as a humorous take on Bitcoin. Although Palmer rarely engages on Twitter or X platform now, Markus is an active user and holds significant sway within the community.
Markus, who is well-known for his affinity towards memes, sarcasm, and irony, recently shared a tweet about the upcoming Bitcoin halving with a playful BTC price prediction. Yet, his humorous perspective appears to echo concerns felt deeply by several members of the Bitcoin community.
Markus’s “Bitcoin price prediction”
Billy Markus, who goes by “Shibetoshi Nakamoto” on Twitter, made a lighthearted comment about the Bitcoin halving in a recent post. He jokingly questioned whether this event would cause the price to be reduced by half.
does the bitcoin halving mean the price will get cut in half
— Shibetoshi Nakamoto (@BillyM2k) April 17, 2024
The Kraken exchange’s representative stated that a Bitcoin halving doesn’t typically occur as some people expect. Markus countered with “but what if it does?” This interaction holds a wry twist, given that several Bitcoin investors are anxious about a potential price crash following the event rather than an increase.
Bitcoin advocate Samson Mow, head of Jan3, has reassured concerns in a recent tweet. Encouraging the community to savor their “approximately $60,000 Bitcoin,” he made no specific price forecasts but had previously predicted Bitcoin surpassing $1 million through a “megaphone pattern” or “Omega candle.” He also echoed a common phrase among Bitcoin enthusiasts: “we’re just getting started.”
Some individuals are anxious about the potential consequences following Bitcoin’s halving, given how early we are in the process. Take pleasure in the current Bitcoin price of $0.06M for now.
— Samson Mow (@Excellion) April 17, 2024
Bitcoin halving one day away
The highly anticipated Bitcoin halving is nearly here, and the community is eagerly waiting to see how it will affect the price of BTC. This event means that miners will soon receive only half of the current rewards for adding new blocks to the Bitcoin blockchain. Specifically, starting from the fourth halving, each newly mined block will bring in 3.125 BTC instead of the previous 6.25 BTC.
Halvenings help keep Bitcoin from becoming inflated by decreasing the amount of new coins entering the market. Samson Mow often posts on Twitter about the upcoming halving event causing a significant reduction in the cryptocurrency’s supply. Meanwhile, the introduction of spot BTC ETFs has led to an increased demand for Bitcoin.
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2024-04-18 11:20