X/Twitter

Bitcoin

Star Wars

Dogecoin

April

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Billy Markus, known on the X/Twitter platform under the name “Shibetoshi Nakamoto,” is the software engineer who created the original <a href="https://u.today/mysterious-134-million-doge-purchase-spotted-on-robinhood-as-price-falls-12" rel="noopener noreferrer nofollow">meme cryptocurrency Dogecoin</a> in collaboration with Jackson Palmer in 2013.
Both Markus and Palmer quit their hobby project, DOGE, almost immediately after launch, but Markus remains an active X/Twitter user and often shares his take on the curves crypto prices demonstrate. This time, Markus commented on the Bitcoin price fall, posting a meme from the Star Wars II movie.
<h2 id="doge-cofounder-comments-on-bitcoin-crash">DOGE cofounder comments on Bitcoin crash</h2>
Markus published a meme, in which “Bitcoin warns” about its intention to crash on April Fool’s day as a "hilarious joke" but with no intention to recover from it.
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 <a href="https://t.co/0NV4r4Cu2d" rel="noopener noreferrer nofollow">pic.twitter.com/0NV4r4Cu2d</a>— Shibetoshi Nakamoto (@BillyM2k) <a href="https://twitter.com/BillyM2k/status/1774838820699271668?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 1, 2024</a>
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The world’s pioneer cryptocurrency, Bitcoin, has astounded the cryptocurrency community by plummeting 7.33% today and losing several thousand U.S. dollars in value within a few hours, as it fell from $69,700 to $64,700.
On April 1, Grayscale ETF faced outflows of more than $302 million. On top of that, the odds of the Federal Reserve cutting down interest rates seem to be getting lower. These are the likely <a href="https://u.today/key-reasons-why-bitcoin-btc-just-collapsed-to-66k" rel="noopener noreferrer nofollow">drivers that pushed Bitcoin down</a> so far almost instantly today. After these factors were spotted, the cryptocurrency market spotted a whopping $500 million worth of crypto liquidations, according to data provided by CoinGlass. The single biggest liquidation amounted to the equivalent of nearly $8 million in crypto.
Overall, according to Markus’s earlier tweets, he does not believe that cryptocurrency price movements can be predicted - those of Bitcoin in particular. His view is that crypto is mostly speculative assets, and holding it for a long time is not a mentally healthy pastime.

Dogecoin Founder Comments on Recent Bitcoin Crash, Hold Tight

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