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Dogecoin Founder Makes Crucial Statement About Bitcoin as BTC Plummets
Yuri Molchan
DOGE co-founder commented on Bitcoin’s current 3% plunge below the $59,000 level
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Billy Markus known on social media platform X (formerly known as Twitter) as Shibetoshi Nakamoto, co-founder of the iconic meme cryptocurrency Dogecoin, has published a post summarizing his attitude towards Bitcoin, just as it plummeted well below the $60,000 level yesterday.
Shibetoshi Nakamoto is known for his dark, ironic, and playful statements about cryptocurrency investing and the cryptocurrency market in general. Today, he shared his thoughts on what is happening with the world’s largest cryptocurrency, Bitcoin.
Billy Markus Sums Up Bitcoin’s Crash
Dogecoin co-founder reacts to Bitcoin’s crash, expressing a high degree of disappointment: “Damn Bitcoin.”
Overall, Bitcoin has lost just over 8% since Monday, plunging from $63,630 to the $58,500 zone, where it sits at the time of writing.
A recent report from popular on-chain data aggregator Santiment highlighted that Bitcoin has plunged to a two-month low today. Many traders, it said, began buying the dip as the leading cryptocurrency approached the $60,000 level, with a large number of long positions being liquidated aggressively recently. The same is happening with Ethereum and Solana, according to Santiment.
“Throwing money directly into the fire”
Billy Markus’ previous comments on cryptocurrency trading and investing, however, suggest that the above tweet was nothing more than a post of dark irony about what is happening to BTC now. He has tweeted many times before that he does not believe in anyone’s ability to know for sure how the cryptocurrency market works and what drives cryptocurrency prices, primarily Bitcoin, up or down.
Recently, the creator of DOGE even suggested that one might think of one as throwing money “straight into the fire” When investing in digital assets, this way, Markus tweeted, it would be easy to survive the ups and downs of the cryptocurrency market.
According to Markus’ tweets, he owns a certain amount of Bitcoin (about 0.006 BTC) and recently, when a dispute arose on X about what is better, having one Dogecoin or a whole Bitcoin, Shibatoshi Nakamoto intervened, saying something, perhaps unexpected for the DOGE community: that would rather have a BTC rather than a DOGE.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and cryptocurrencies since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many ways. He has written for several media outlets about cryptocurrencies. His articles have been cited by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.