While responding to a comment under his tweet, Markus, who is also known on social media as Shibetoshi Nakamoto, shared whether he expects BTC to finally reach $100,000 after all.
Billy Markus is well known for his ironic and playful manner of posting on social media. His sarcasm increases rapidly when he starts commenting on events related to cryptocurrency trading and price action.
He has stated multiple times in his tweets that he does not believe that analysts really know why Bitcoin goes up or what pushes it down. This time, when a commentator asked Markus if he expects the world’s flagship cryptocurrency to break above $100,000, the Dogecoin co-creator published an animated GIF that stated: “This sh***t again.”
Between Monday and Tuesday this week, the largest crypto plunged from the $98,670 zone, hitting a low of $90,900. By Wednesday, Bitcoin recovered, adding 7.12% as it managed to reach $97,353. Since then, the digital gold has shed 2.37% and is currently changing hands at $95,058. Multiple traders are now locking in profits, preventing Bitcoin from reaching $100,000. Recently the founder of Capriole Investments fund referred to this level as the biggest sell wall that has ever existed.
He believes that government spending should be controlled: “It’s a quite literal death loop where the only solution is hyperinflation, which would ruin us.”
“Go doge go,” Markus concluded his tweet. Elon Musk, a friend of Markus, has been appointed as one of the two bosses of the newly formed governmental organization, and he has now taken on his new duty.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
