Dogecoin Founder Says He Won’t Sell His Bitcoin Until This Massive Price High Reached

Cover image via U.Today

Billy Markus, the co-founder of the popular meme cryptocurrency Dogecoin, has shared his thoughts on the recent Bitcoin price rally and revealed his BTC holdings.

Markus, known online as Shibetoshi Nakamoto, stated on Twitter that he plans to hold onto his Bitcoin "until it's at 1 billion dollars each." However, he noted that he only owns 0.006 BTC, currently valued at approximately $528.54.

Despite creating Dogecoin, which now has a market capitalization of over $54 billion, Markus claims to have only made "about $10k" from the venture. He previously sold off his Dogecoin and other cryptocurrencies in 2015 to purchase a car.

In addition to BTC, Markus also holds Ethereum, which he had to sell at a loss to pay his taxes. He recently commented on the unrealistic expectations of some who believe BTC should instantly reach $1 million, calling such individuals "scam" accusers.

On November 13th, Markus questioned whether Bitcoin would surpass $100,000 or drop to zero.

Earlier this week, Markus expressed surprise at the surge in Dogecoin's value, which increased by approximately 83% over a week. He noted that "nothing is impossible" in the unpredictable world of cryptocurrency.

Currently, DOGE is trading at $0.3716 after reaching a high of $0.43 three days ago.