Published
1 month ago on
April 15, 2024
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Billy Markus humorously responded against the market sentiments & critics and criticised all the people who called the crypto market dead.
Billy Markus is the co-founder of the popular meme Cryptocurrency Dogecoin (Dogecoin). In 2013, he co-founded Dogecoin with his friend Jackson Palmer. Both of these two co-founders of the Dogecoin project are not in the Dogecoin project. Palmer is busy in his life as a developer & Billy lives his life as a traditional safe money market investor. In 2021, Billy confirmed that he doesn’t invest in cryptocurrencies because of high volatility but he has held some top flagship crypto assets, including Dogecoin, for a long time.
On 14 April 2024, The whole crypto market saw a big downfall following the news of the start of big war tensions between Iran & Israel.
BREAKING: Iran launches attack against Israel using dozens of drones, four U.S. and Israeli officials told me
— Barak Ravid (@BarakRavid) April 13, 2024
Reportedly Iran launched an attack on Israel with dozens of drones.
Following the crash in the trade price of the top Cryptocurrencies, the majority of the critics jumped against the crypto sector and called this new money sector to crash forever.
Popular Bitcoin critic Peter Schiff said that Bitcoin is going to hit a $20k trade price & at that trade price the Microstrategy firm will face a $2.7 billion unrealised loss.
$60K is critical support for #Bitcoin. A decisive break below that level will create a formidable triple top. The immediate downside projection is a move to $20K. At that price $MSTR will have a $2.7 billion unrealized loss on 214K Bitcoin acquired at an average price of $34K. pic.twitter.com/F1P0NpLS3X
— Peter Schiff (@PeterSchiff) April 14, 2024
Dogecoin co-founder Billy Marcus humorously jumped against crypto critics and said that all we’re dead.
just landed after an 11 hour flight did we all die
— Shibetoshi Nakamoto (@BillyM2k) April 14, 2024
Billy’s comment about the flight was just a joke to lighten the mood. As for defending the crypto sector, he suggests that despite the ups and downs in prices, it doesn’t mean the entire sector is doomed or “dead.” He likely emphasised the resilience and potential of cryptocurrency despite its volatility.
Bitcoin trade price crash details
Following the war news, the trade price of Bitcoin (BTC), the top Cryptocurrency by market cap, crashed from $65,500 to $62,00.
The current trade price of Bitcoin is now $65,699 & this trade price is 1.8% higher over the last 24 hours. So we can say that the situation is getting on the line again but slowly.
#Bitcoin is recovering slowly amid these war tensions pic.twitter.com/gzBG5FIkIQ
— Bitcoinik (@Bitcoinikdotcom) April 14, 2024
Read also: Proof-of-stake (PoS) is a big road bump for ETH spot ETF approval chances
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