As Billy Markus, I find it amusing to see the fluctuation of Bitcoin prices, especially when I hold such a tiny fraction of it. My foray into cryptocurrencies started with creating Dogecoin as a joke back in 2013, and it’s fascinating to see how far we’ve come since then.
Billy Markus, one of the two founders of the iconic meme cryptocurrency Dogecoin launched in 2013, has commented on the recent Bitcoin price rally. He also once again disclosed his BTC holdings.
His tweet came as BTC has failed to hold at its recently achieved all-time high of $93,434 and staged a large decline. Markus is known on the X platform and other social media under the pseudonym Shibetoshi Nakamoto.
Dogecoin creator names his “BTC price target” – $1 billion
In a playful, sarcastic tone, Billy Markus joked on Twitter about not cashing out his Bitcoin until each coin reaches an astounding $1 billion. It’s important to note that he currently owns less than 1 Bitcoin, specifically 0.006 BTC, which translates to approximately $528.54 at the current exchange rate.
i won’t sell my bitcoin until it’s at 1 billion dollars each
i have .006 bitcoin
— Shibetoshi Nakamoto (@BillyM2k) November 15, 2024
As an analyst, I’d rephrase it like this: In response to a comment about the staggering $54.2 billion market cap of Dogecoin, its co-creator, Shibetoshi Nakamoto, humbly mentioned that his earnings from creating DOGE were merely around $10,000. Delving into his Twitter activity this year, it appears that Markus parted ways with his Dogecoin holdings and other cryptocurrencies he owned back in 2015, using the proceeds to purchase a Honda Civic car.
Besides Bitcoin, Markus owns Ethereum as well. Unfortunately, due to tax obligations, he had to sell some of it at a lower price a few years back.
In an earlier tweet, Markus humorously criticized individuals who seem to anticipate Bitcoin’s rapid increase to $1 million and then, disheartened by its slow growth, dismiss all cryptocurrency as fraudulent: “Why hasn’t bitcoin reached a million dollars yet? I’ve been waiting for 2 days. Crypto is a hoax!
On November 13th, as Bitcoin’s price soared to an astounding $92,754, Markus pondered whether it would reach $100,000 that very day or plummet to zero instead.
DOGE to $1? – “Nothing is impossible”: Billy Markus
This past Tuesday, on November 11, as the well-known meme cryptocurrency skyrocketed approximately 83% within a week, Markus expressed both his enthusiasm and bewilderment in a tweet: “What on earth is happening with doge!
In a comment section, when someone who uses X proposed that their Dogecoin (DOGE) could potentially hit $1, Markus replied by saying, “There’s no limit to what can happen in the unpredictable realm of cryptocurrency.
Currently, DOGE is changing hands at $0.3716 after hitting $0.43 three days ago.
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2024-11-15 12:29