Dogecoin Creator Breaks Silence as Bitcoin Loses $55,000

Youri Molchan

One of the computer engineers who created the meme cryptocurrency DOGE has commented on the continuation of “Bitcoin carnation”

Billy Markus, known on Twitter/X as Shibetoshi Nakamoto and who created Dogecoin with Jackson Palmer in 2013, is a popular crypto influencer on the above-mentioned social media platform.

As the Bitcoin massacre continues, he posted a tweet in which he made a dark and ironic statement. These statements began on Thursday, when the world’s largest cryptocurrency fell to nearly $57,000.

Bitcoin Falls to All-Time Low, Markus Comments

The Dogecoin co-creator took to the X platform on US Independence Day to make a combination of a tongue-in-cheek commentary on the Bitcoin collapse and a celebratory tweet related to the Fourth of July.

He tweeted, “Happy 4th of July” with a “smiling face with tears” emoji. The tweet was accompanied by a chart showing bitcoin crashing to $55,465.

When Bitcoin fell well below $58,000 on Thursday, Shibetoshi Nakamoto tweeted, “Bitcoin dammit.” The day before, he had responded to many Bitcoiners and Bitcoin maxis who idealize the largest digital currency and claim it “represents freedom.” Markus tweeted, “A freedom that slowly erodes as the price falls.”

Bitcoin plunges to $53,870

In the last 24 hours, digital gold has lost 10.67%, collapsing from the $60,341 area to $53,879. In total, since Monday, Bitcoin has lost more than 15%, losing almost $10,000 in value.

BTC has now rebounded slightly and is trading at $54,366. JAN3 CEO Samson Mow tweeted yesterday that he believes whales are currently buying all of the Bitcoin dips on the Bitfinex exchange. A week ago on Friday, he warned that the cryptocurrency market would absorb all of the current BTC selloffs.

As miners continue to sell their long-held BTC stashes and continue to sell newly mined Bitcoins, the US and German governments have also dumped massive amounts of Bitcoin. Tron founder Justin Sun tweeted that he is willing to negotiate with the German government and buy all of its BTC to minimize the impact on the cryptocurrency market.

Apart from that, rumor has it that one of the first bitcoin exchanges in history, Mt. Gox, has started transferring BTC to pay back what it owes to investors. Today, it transferred $84.87 million worth of bitcoin to the Bitbank exchange. Yesterday, it transferred $2.71 billion worth of BTC in anticipation of these payments.

About the Author

Youri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in many areas in the future. He has written for many crypto media outlets. His articles have been cited by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.