Markets
DOGE Creator surprises community with summary of the state of the crypto market by U.Today
U.Today – One of the two creators, 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 crypto market right now.
He summarized the current state of the cryptocurrency market in just one short sentence.
Billy Markus shares his opinion on the state of the crypto market
Over the past week, the world’s largest cryptocurrency, the locomotive of the entire crypto market, has been showing a high level of volatility and lost almost 6.5% in total, falling from the $70,000 price level.
The $65,100 zone has been acting as support for Bitcoin all this time as BTC has reached this level three times and then recovered from it. In the last 24 hours, Bitcoin lost almost 3% and fell to $65,090, but then quickly recovered to $65,770 to face a decline again.
Altcoins have been tracking Bitcoin’s ups and downs all this time, making the market bleed to death.
Billy Markus commented on all these volatility moves, saying, “Wow, crypto market, you suck.”
His followers immediately posted several responses to this 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.
Markus calls the crypto market a “degenerate casino”
Last week, the co-creator of DOGE also published a critique aimed at the cryptocurrency market. Markus then revealed that he is often asked which currency he believes will have the highest or lowest value.
He confessed that these questions continue to seem funny to him, as he believes that no one can predict “this degenerate casino”, as he referred to the market.
Regardless of the general state of the market, Billy Markus made a curious statement yesterday on Platform X, surprising many crypto users. In a “Bitcoin or Dogecoin” debate, he chose BTC, tweeting: “I’d rather have 1 bitcoin than 1 dogecoin to be honest.”
Earlier this year, the creator of DOGE revealed the size of his Bitcoin holdings, 0.006 BTC, which is currently worth $391.07. If BTC hits $100,000 at some point, Markus said he would celebrate that fact by having dinner at the Olive Garden restaurant.