In an intriguing twist, the co-founder of Dogecoin, Billy Markus, known for his playful and often satirical takes on the crypto industry, has made a statement that has caught the attention of the crypto community.
In a whimsical call to action, Markus urged Bitcoin, the first and largest cryptocurrency by market capitalization, to reach the astronomical value of 1 million dollars per coin, all while sleeping.
“Dear Bitcoin, please go to 1 million dollars per coin while i am sleeping. Thanks,” Billy Markus, who goes by the name “Shibetoshi Nakamoto” on X, wrote.
dear bitcoin
please go to 1 million dollars per coin while i am sleeping
thanks— Shibetoshi Nakamoto (@BillyM2k) March 24, 2024
While the circumstances surrounding Dogecoin’s founder statement remain unclear, his recent comment might be tongue-in-cheek given his often humorous takes on the cryptocurrency industry.
Dogecoin was created as a joke, making fun of the wild speculation in cryptocurrencies at the time. In 2013, software engineers Billy Markus and Jackson Palmer launched the satirical cryptocurrency Dogecoin as a way to make fun of Bitcoin.
The timing of the tweet also remains crucial, as it coincided with Bitcoin’s broad 11% drop from its recently set all-time highs of $73,737. Bitcoin’s weakness began when traders began to take profits after it had risen by around 134% in a year.
The flagship cryptocurrency was up by 1.39% in the last 24 hours to $65,839, according to CoinMarketCap data. In the past week, Bitcoin fell to as low as $60,760 due to decreasing demand for U.S. exchange-traded funds that hold the cryptocurrency.
While some regard the Dogecoin co-founder’s remark as a lighthearted joke, others see it as a thought-provoking reflection of Bitcoin’s potential to disrupt traditional financial systems and reshape the global economy.
As Bitcoin continues to gain mainstream acceptance and adoption, the notion of a $1 million price target, once considered outlandish, may not be as far-fetched as it seems.
Read More: Dogecoin Co-Founder Makes Unexpected Bitcoin Statement
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.