Billy Markus, one of the two men behind Dogecoin, which debuted in December 2013, shared a joke on the social networking platform X that appears to be a forecast for the price of Bitcoin.
Billy Markus, in contrast to many other cryptocurrency aficionados, appears to think that the top digital currency in the world will probably continue to decline after hitting a new all-time high of $69,200 on Monday. Perhaps this is because, based on his many previous tweets about the subject, Markus does not regard himself as a crypto phile.
Can Bitcoin go lower than it has already? Markus thinks so
Markus shared a meme with the caption, “I can go lower,” from an old Hollywood movie starring Danny DeVito. The co-founder of DOGE shared this following reports that Bitcoin had fallen sharply on Monday, just after hitting a new all-time high of $69,200.
Shortly after reaching a peak of $69,200, Bitcoin saw a 14.21% decline, ultimately collapsing close to $59,300. After reaching that level, Bitcoin surged higher once again, settling at $67,300, where it is now trading as of this writing, following a gain of more than 13% in the previous day.
https://x.com/BillyM2k/status/1765193932588335330?s=20
The extraordinary positive performance of Bitcoin is said to have its roots in the ongoing demand for the cryptocurrency from spot ETFs. The top supplier in this case is BlackRock, which crossed the $10 billion mark in Bitcoin inflows a week ago and has since acquired almost $1 billion once again. Experts believe that the primary causes of Bitcoin’s recent all-time high are the accumulation of BTC from the market that was experiencing a shock to the Bitcoin demand caused by the ravenous ETFs, as well as an increase in general trust and appetite for Bitcoin among retail and institutional investors.
Dogecoin founder’s Bitcoin statement
Billy Markus made comments on a significant 21% increase in Bitcoin’s value when it reached $64,000 approximately a week ago. Markus discussed the extreme volatility of Bitcoin, which might happen at any time, in his typically sardonic and ironic tone. “I’m afraid to go to sleep cuz bitcoin could either be $100k or $10k when I wake up,” he tweeted at the time.
