Dogecoin Founder Comments on Bitcoin’s Rise Towards $100,000
Billy Markus, Dogecoin co-founder, commented on Bitcoin’s potential to reach $100,000 again. His sarcastic remark reflects indifference towards the milestone, suggesting Bitcoin’s rise is overhyped. Currently, BTC trades near $99,581.59 with trading volume increasing significantly, as investors hope for prolonged upward momentum. Max Keiser’s view contrasts Markus’, predicting Bitcoin could reach half a million dollars soon.
Billy Markus, better known as Shibetoshi Nakamoto, and the co-founder of Dogecoin, has finally weighed in on recent Bitcoin (BTC) price activity. His latest comments come as Bitcoin appears poised to exceed the significant $100,000 mark, a price it hasn’t touched in over two months.
In his typically sardonic fashion, Markus took to X to express his thoughts, writing, “Yay it got to 100k again, woo.” This reflects his belief that Bitcoin reaching $100,000 doesn’t seem extraordinary anymore; it’s almost old news in the crypto realm.
Markus’s remark hints at a sense of indifference, suggesting he thinks the excitement surrounding Bitcoin’s potential resurgence is somewhat overblown. His previous commentary often provokes discussions within the community, and this no exception.
The founder’s perspective resonates with sentiments shared by some investors, particularly those who felt buoyed when Bitcoin surged to an all-time high of $109,114.88 earlier this year. They had anticipated that the digital asset would continue on this upwards trajectory.
However, since February, Bitcoin has not been able to vault back above that psychological $100,000 threshold, which has frustrated many. It even dropped to about $76,000 during a recent market correction, which negatively influenced a host of other cryptocurrencies.
As of now, Bitcoin is trading at approximately $99,581.59, showing a 2.73% jump over the past 24 hours—a notable increase, as prices climbed from around $95,866. This surge has resulted in a significant uptick in trading volume, which has spiked up by 61.73% to $52.75 billion in that same timeframe.
Traders seem lively, positioning for what they hope will be a sustained breakthrough above $100,000 soon. The key question remains: can Bitcoin not just reach, but also maintain this price level?
If it does, it could set the stage for another all-time high that would perhaps cause even more excitement—maybe even impress Markus. Conversely, figures like Max Keiser are even more bullish, projecting potential prices for BTC to soar to half a million dollars. The ongoing volatility keeps everyone on their toes, quite literally in the wild world of cryptocurrencies.
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