Billy Markus, one of the two creators of Dogecoin launched in December 2013, took to the social network X to share a meme that can be interpreted as a Bitcoin price prediction.
Billy Markus, one of the two creators of Dogecoin launched in December 2013, took to the social network X to share a meme that can be interpreted as a Bitcoin price prediction.
Unlike many other cryptocurrency enthusiasts, Billy Markus appears to believe that the world’s leading digital currency is likely to retreat further after breaking a new all-time price record of $69,200 on Monday. Perhaps this is because Markus does not consider himself a cryptocurrency enthusiast, based on his numerous previous tweets dedicated to this topic.
Can Bitcoin Go Lower Than It Already Is? Markus thinks so.
Markus posted a meme of an old Hollywood comedy with Danny DeVito, which carries the message “I can go lower.” The DOGE co-founder posted this following news of Bitcoin crashing just after hitting a new all-time high at the $69,200 level on Monday.
Immediately after breaking above $69,200, Bitcoin collapsed by 14.21% to bottom near the $59,300 level. Upon reaching it, BTC rose again to settle at $67,300 after a growth of over 13% in the last 24 hours, where it is exchanging hands at the time of writing.
Bitcoin’s astonishing bullish performance is believed to have its roots in the continued demand for Bitcoin coming from spot ETFs. The leading provider here is BlackRock; surpassed the $10 billion threshold in Bitcoin inflows a week ago and acquired almost a billion dollars Recently again. Experts believe that the accumulation of BTC from the market facing a Bitcoin demand shock from insatiable ETFs has increased the overall confidence and hunger for Bitcoin by retail and institutional investors, making these the two main reasons why Bitcoin is skyrocketing into its new market. high time.
Dogecoin Founder’s Bitcoin Statement
About a week ago, Billy Markus commented on Bitcoin’s massive 21% surge, when the flagship cryptocurrency hit $64,000. In his style, which is often a mix of irony and sarcasm, Markus commented on Bitcoin’s harsh volatility that can appear at any moment. Here’s what he tweeted back then: “I’m afraid to go to sleep because bitcoin could be $100,000 or $10,000 when I wake up.”
