Will Bitcoin Reach $100,000? Dogecoin Founder Shares Take
One of the two Dogecoin founders, Billy Markus who created the iconic meme cryptocurrency Dogecoin in collaboration with Jackson Palmer, has commented on the recent Bitcoin price surge.
While responding to a comment under his tweet, Markus, who is also known on social media as Shibetoshi Nakamoto, shared whether he expects BTC to finally reach $100,000 after all or not.
Markus’s “Bitcoin $100,000 prediction”
Commenting on the recent Bitcoin surge when it went up from $92,956 to the $96,252 level, adding $4,609, Shibetoshi Nakamoto tweeted sarcastically: “It lives!”
Billy Markus is well-known for his ironic and playful manner of posting on social media. His sarcasm goes up rapidly when he starts commenting on events related to cryptocurrency trading and their price actions.
IT LIVES pic.twitter.com/PZAJkjw5yU
— Shibetoshi Nakamoto (@BillyM2k) November 27, 2024
He has multiple times stated in his tweets that he does not believe that analysts in reality know why Bitcoin goes up or what pushes it down. This time, when a commentator asked Markus if he expects the world’s flagship cryptocurrency to break above $100,000, the Dogecoin co-creator published an animated GIF which stated: “This sh***t again.”
pic.twitter.com/7o2F4iBdQZ
— Shibetoshi Nakamoto (@BillyM2k) November 27, 2024
Between Monday and Tuesday this week, the largest crypto plunged from the $98,670 zone, hitting a low of $90,900. By Wednesday, Bitcoin recovered, adding 7.12% as it managed to reach $97,353. Since then, digital gold has shed 2.37% and is currently changing hands at $95,058. Multiple traders are now locking it profits, preventing Bitcoin from reaching $100,000. Recently the founder of Capriole Investments fund referred to this level as the biggest sell wall that has ever existed.
Dogecoin founder shows support for D.O.G.E.
Three days ago, Shibetoshi Nakamoto published a tweet, in which he made his support for D.O.G.E. (the US Department of Government Efficiency) clear. He tweeted: “I really hope doge is successful.” Markus shared his concern about his feeling that the US economy is in trouble.
He believes that government spending should be taken under control: “It’s a quite literal death loop where the only solution is hyperinflation, which would ruin us.”
“Go doge go,” Markus concluded his tweet. Elon Musk, Markus’s friend, has been appointed as one of the two bosses of the newly formed governmental organization and he is now taken on his new duty.
