PakGazette: Billy Markus, co-author of the iconic cryptocurrency meme launched in 2013, posted a tweet to share with the community his thoughts on what is happening in the cryptocurrency market right now. On social media, Markus is known under the pseudonym Shibetoshi Nakamoto.
In particular, he commented that the world’s premium cryptocurrency lost more than $4,000 in less than a day. Markus is known for his joking, funny and often sarcastic comments about cryptocurrencies, especially when they fall, as if supporting his attitude. He has never called Dogecoin or any other cryptocurrency a store of value, nor has he expressed any praise about his creation.
Shibetoshi Nakamot’s comment on the fall of Bitcoin
In the last few hours, the largest cryptocurrency in terms of market capitalization, Bitcoin, has plummeted almost five percent, falling from $95,300 to the $90,640 area. So far, BTC has managed to recover a bit and is changing hands at $90,900 per coin.
The deepest point where Bitcoin crashed last week was $91,860 and now BTC has managed to go even below that level.
Billy Markus sarcastically commented on that price drop, sharing a chart with the Bitcoin price collapse and saying, “Happy Monday.”
His tweet sparked a discussion involving several commentators, discussing the current Bitcoin crash.
MicroStrategy Announces New Large Bitcoin Purchase
Meanwhile, taking advantage of another Bitcoin price drop, Michael Saylor’s business intelligence giant MicroStrategy has announced another big Bitcoin acquisition. According to a document published today, the company has purchased BTC worth $243 million.
Now, the company’s cryptocurrency holdings have surpassed a whopping 450,000 BTC, which is equivalent to $40,586,688,000. Therefore, the company now owns 2.14% of the total supply of 21 million BTC. The most recent Bitcoin acquisition before today was made on January 5, when the Saylor giant bought $101 million worth of Bitcoin.
The purchase was announced shortly before Bitcoin fell below the $91,000 price level.
Last year, Michael Saylor stated that MicroStrategy will hold Bitcoin “forever” and also expressed a prediction that within 10 years BTC would take away some of gold’s market share. This would make one Bitcoin cost $13 million, he said.
