Dogecoin Creator Critiques Bitcoin Price Drop and Social Issues with Ironic Tweet

Billy Markus, co-creator of Dogecoin and known on X (formerly Twitter) as Shibetoshi Nakamoto, often engages with social issues and crypto commentary through humor and memes.

His latest tweet brings attention to both a recent Bitcoin price drop and a broader societal concern.

Markus highlighted Bitcoin’s recent decline of 7.22%, which saw its price fall from around $62,170 to $58,630. Although Bitcoin has since recovered slightly to $59,430, Markus shared a CoinDesk article with the headline, “Bitcoin drops as traders take profits,” and quipped, “You guys are taking profits?”

Following a strong week where Bitcoin rose over 11% and briefly held above $62,000, the cryptocurrency faced a pullback after comments from Fed Chair Jerome Powell about potential interest rate cuts.

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In a typical blend of dark humor, Markus also tweeted, “You are not depressed; you just need 10 million dollars,” sparking a lively discussion about the impact of wealth on mental well-being.

While some agreed with Markus’s critique of income disparity, others debated the limitations of money in solving personal problems. The tweet also prompted various responses, including memes and discussions on the effectiveness of antidepressants.

Alexander Stefanov