Dogecoin Founder Makes Crucial Bitcoin Statement as BTC Plummets

Co-Founder of Dogecoin Expresses Disappointment Over Bitcoin's Plunge

Billy Markus, known online as Shibetoshi Nakamoto, co-founder of Dogecoin, has shared his views on Bitcoin's recent decline.

Markus's Perspective

In a post on X, Markus simply stated, "Bitcoin dammit," expressing his frustration over the cryptocurrency's fall. Since Monday, Bitcoin has lost over 8%, dropping from $63,630 to its current value of $58,500.

Industry Observations

Santiment, a data aggregator, has reported that Bitcoin has reached a two-month low. Many traders had been buying into the dip as the cryptocurrency approached $60,000, but these positions have been liquidated aggressively.

Markus's Previous Comments

Markus has previously expressed skepticism about predicting the behavior of the crypto market. He has likened investing in digital assets to "throwing money directly into a raging fire," suggesting that investors should expect volatility.

Markus's Bitcoin Holding

Despite his bearish sentiment, Markus has stated that he owns a small amount of Bitcoin (approximately 0.006 BTC). In a recent debate on X, he surprised some by expressing a preference for one Bitcoin over one Dogecoin.