According to U.Today, Billy Markus, one of the founders of Dogecoin, recently shared his thoughts on the recent surge in Bitcoin’s price. Markus, who is known on social media as Shibetoshi Nakamoto, responded to a comment on his tweet about Bitcoin possibly hitting $100,000. In his usual sarcastic style, Markus tweeted “It’s alive!” as Bitcoin’s price rose from $92,956 to $96,252, an increase of $4,609.
Marcus is known for his humorous and sarcastic posts on social media, especially when discussing cryptocurrency trading and price fluctuations. When asked if he thought Bitcoin would ever cross the $100,000 mark, Marcus responded with an animated GIF expressing his skepticism. He has often stated that he doubts that analysts truly understand the factors that drive Bitcoin’s price movements.
Earlier this week, Bitcoin saw a drop from $98,670 to a low of $90,900 before recovering 7.12% to $97,353. However, it has since fallen 2.37% and is currently trading at $95,058. Many traders are taking profits, preventing Bitcoin from reaching the $100,000 mark. The founder of Capriole Investments recently described this level as the biggest selling wall ever.
In addition to his comments on Bitcoin, Marcus also expressed his support for the U.S. Department of Government Efficiency (D.O.G.E.) in a tweet. He expressed his concerns about the U.S. economy, emphasizing the need for controlled government spending to avoid hyperinflation. Marcus concluded his tweet by encouraging the initiative, saying, “Go Doug Go.” Marcus’ friend Elon Musk was appointed as one of the leaders of this new government organization and began his duties.
