Billy Markus, one of Dogecoin’s founders, succinctly yet powerfully shared on social media his annoyance with the current state of the cryptocurrency market.
Known by many as Shibetoshi Nakamoto, Markus’s honest, direct remark, “Wow crypto market you suck,” resonated with many crypto investors.
Markus’s comment falls during a turbulent period for the cryptocurrency market, particularly for Bitcoin, which has shown noteworthy volatility last week. Often regarded as the engine running the entire crypto market, Bitcoin has seen a sharp price change and loses roughly 6.5% of value.
Bitcoin’s Volatility Impacts Market
Having tested numerous times in this fall, Bitcoin dropped from a high of $70,000 to a key support level of around $65,100. Bitcoin declined over 3% to $65,090 in the last 24 hours alone; it then rebounced to $65,770 just to experience yet another decline.
The market has been affected by Bitcoin’s oscillations; alternative coins mirror its volatile behavior. Inspired by this widespread instability, Markus’s frank criticism—which spoke to many of his admirers who felt the same—connects with While some agreed with his assessment, others pointed out the volatility of the cryptocurrency market and stressed that in this industry such swings are a known risk.
Apart from his analytical approach, Markus also responded to the many inquiries he receives on market movement forecast. Laughing at these questions, he likened the market to a “degenerate casino” where trying to project the next coin to spike or fall short is pointless.
Fascinatingly, Markus said something shockingly during a conversation on the X platform—formerly Twitter—despite his criticism of the market. Declaring, “I’d rather have 1 BTC than 1 dogecoin tbh,” he chose Bitcoin without second thought when asked between the two. Given his relationship to Dogecoin, this revelation attracted a lot of attention.
Markus disclosed at the beginning of the year that he has 0.006 BTC, which at current value more than $391.07. He also said humorously that should BTC ever reach $100,000 he will celebrate with a dinner at Olive Garden.
