One of the two creators of Dogecoin, known on social media as Shibetoshi Nakamoto and in real life as Billy Markus, has offered the global cryptocurrency community his comments on what is happening in the cryptocurrency market right now.
One of the two creators of Dogecoin, known on social media as Shibetoshi Nakamoto and in real life as Billy Markus, has offered the global cryptocurrency community his comments on what is happening in the cryptocurrency market right now.
He summed up the current state of the cryptocurrency market in just one short sentence.
Billy Markus shares his opinion on the state of the cryptocurrency market
Over the past week, the world’s largest cryptocurrency, Bitcoin, the locomotive of the entire crypto market, has been showing a high level of volatility and has lost almost 6.5% in total, falling from the 70,000 price level Dollars.
The $65,100 zone has been acting as support for Bitcoin all this time as BTC reached this level three times and then bounced off it. In the last 24 hours, Bitcoin lost close to 3% and fell to $65,090, but then quickly recovered to $65,770 to face a drop again.
Altcoins have been following Bitcoin’s ups and downs all this time, causing the market to bleed to death.
Billy Markus commented on all those volatility moves and said, “Wow crypto market, you suck.”
His followers immediately posted multiple responses to that critical market statement, some agreeing with the DOGE co-founder and others pointing out that the market regularly goes through periods of high volatility and that nothing can be done about it.
Yuri MolchanMarkus calls crypto market “degenerate casino”
Last week, the co-creator of DOGE also posted a criticism aimed at the cryptocurrency market. Markus then revealed that he is frequently asked which currency he thinks will be the next to rise or fall in value.
He confessed that these questions still sound funny to him since he believes that no one can predict “this degenerate casino,” as he referred to the market.
However, regardless of the overall state of the market, Billy Markus made a curious statement on the X platform yesterday, surprising many cryptocurrency users. In a debate about “Bitcoin or Dogecoin”, he chose BTC and tweeted: “I’d rather have 1 bitcoin than 1 dogecoin, to be honest.”
Earlier this year, the DOGE creator revealed the size of his Bitcoin holdings, 0.006 BTC, which is currently worth $391.07. If BTC were to reach $100,000 at some point, Markus said that he would celebrate this fact by having dinner at the Olive Garden restaurant.
