Billy Markus, the creator of Dogecoin, recently shared his thoughts on the recent cryptocurrency and stock market on the social media platform X (formerly known as Twitter). He shared a screenshot of a list of assets that he may have invested in, commenting on the current situation, which triggered a wide range of responses from his fans. In his screenshot, the S&P 500, Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) are all falling sharply.
From Monday to Tuesday, Bitcoin fell from $72,370 to $69,390, a loss of about $2,500, similar to what Markus's chart shows. Ethereum fell $135 to $3,512, and Dogecoin fell to $0.190, as shown in his screenshot. All of these cryptocurrencies plummeted, along with the leading S&P 500 index, which shows that the close correlation between crypto assets and the S&P has now been restored. Many people believe that the current strong inflation continues to significantly depress the market. Many people expressed their confusion about the major cryptocurrencies or were full of doubts about lesser-known coins with smaller market capitalizations. Markus suggested that Bitcoin should become a stablecoin, and he also proposed an ideal price of $69,420. He said that this is a meme number, and "Meme is the most important thing in the universe."
