
The carnage in the crypto market and the fall of Bitcoin are forcing investors to rethink their copy. In this tumultuous context, Dogecoin co-founder Billy Markus, aka Shibetoshi Nakamoto, is not shy about making his opinion known, always tinged with irony. His latest dig on X (formerly Twitter) targets both Bitcoin and broader societal concerns.
Bitcoin: When irony masks disillusionment
Dogecoin co-founder Billy Markus, aka Shibetoshi Nakamoto on X, recently commented on the fall of Bitcoin with dark humor which is specific to it. While Bitcoin, the flagship crypto, fell more than 7% from $62,170 to $58,630Markus shared an article about traders taking profits with a scathing dig:
” Are you taking profits, really? “.
This fall comes after a week where Bitcoin had climbed more than 11%approaching $62,000. The cause? Jerome Powell's StatementsFed chairman, discussing a possible interest rate cut.
In his characteristic style, Markus also tweeted: “ You're not depressed; you just need $10 million. »
A reflection that launched a heated debate on the correlation between wealth and well-beingwhile triggering an avalanche of memes on social networks.
Crypto Market on Fire According to Billy Markus
Billy Markus, known for his scathing remarks, recently summed up his vision of the crypto market in a few words: ” Bitcoin, damn! “.
This exclamation, posted as Bitcoin fell below $59,000 in early July, reflects his disappointment with the market's volatility. Since Monday, July 1, in fact, Bitcoin lost more than 8%dropping to $58,500, a two-month low.
Markus, true to his biting style, compares investing in crypto to “ throw money into a bonfire “. A strong image that illustrates well the uncertainty and frustration felt by many investors. Also note:
- 2% drop in one week for BTC;
- Bitcoin price at the time of writing, $59,622;
- Massive liquidations of long positions worth $145 million on Bitcoin and Ethereum.
Far from being limited to bitcoin, The wave of forced sales also affects Ethereum and Solana.
As investors flee exchanges, withdrawing their Bitcoins in droves, it is clear that distrust of crypto remains at its peak.
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