Dogecoin co-founder Billy Markus recently shared his thoughts on Bitcoin's ongoing price movement, offering both humor and insight on his own holdings.
Markus, who is widely known on social media under the name Shibetoshi Nakamoto, posted a tongue-in-cheek comment about not selling his Bitcoin until it hits $1 billion per coin. Despite this exaggerated target, Markus clarified that his current Bitcoin holdings amount to just 0.006 BTC, worth approximately $528 at the current market price.
Markus also addressed a comment about his role in creating Dogecoin, a meme coin now valued at over $54 billion. He humorously noted that his earnings from Dogecoin creation were minimal, totaling around $10,000.
Reflecting on his past decisions, Markus revealed he sold most of his Dogecoin and other crypto assets back in 2015 to fund the purchase of a Honda Civic. Alongside Bitcoin, Markus also holds Ethereum, some of which he had to sell at a loss a few years ago to cover tax obligations.
In his usual sarcastic style, Markus poked fun at the unrealistic expectations some people have about Bitcoin’s price. On Nov. 13, when Bitcoin briefly peaked at $92,754, he joked about whether it would soar to $100,000 or crash to zero. His comments highlight the volatile nature of the cryptocurrency market and the often exaggerated expectations of new investors.
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