According to U.Today, Billy Markus, one of the co-founders of Dogecoin, recently shared his thoughts on the latest surge in Bitcoin's price. Markus, who is known on social media as Shibetoshi Nakamoto, responded to a comment on his tweet regarding Bitcoin's potential to reach $100,000. In his typical sarcastic style, Markus tweeted "It lives!" when Bitcoin's price increased from $92,956 to $96,252, a rise of $4,609.
Markus is recognized for his humorous and ironic posts on social media, particularly when discussing cryptocurrency trading and price fluctuations. When asked if he believes Bitcoin will surpass the $100,000 mark, Markus responded with an animated GIF expressing skepticism. He has often stated that he doubts analysts truly understand the factors driving Bitcoin's price movements.
Earlier this week, Bitcoin experienced a drop from $98,670 to a low of $90,900, before recovering by 7.12% to reach $97,353. However, it has since decreased by 2.37% and is currently trading at $95,058. Many traders are securing profits, which is preventing Bitcoin from reaching the $100,000 milestone. The founder of Capriole Investments recently described this level as the largest sell wall ever seen.
In addition to his comments on Bitcoin, Markus also expressed support for the U.S. Department of Government Efficiency (D.O.G.E.) in a tweet. He voiced concerns about the U.S. economy, emphasizing the need for controlled government spending to avoid hyperinflation. Markus concluded his tweet with encouragement for the initiative, saying, "Go doge go." Elon Musk, a friend of Markus, has been appointed as one of the leaders of this new governmental organization and has begun his duties.
