Co-founder Of Dogecoin Believes The Bear Market Will Last 4 Years
Billy Markus, an IT engineer who co-founded Dogecoin with Jackson Palmer in 2013 as a parody of Bitcoin, has taken to Twitter to discuss the current crypto bear market, its causes, and how long it may stay.
In a tweet that was partly a joke, Markus shared that he expects the crypto market to “be okay eventually.” However, he pointed out that it may take quite a while—”just not soon,” he tweeted. He estimates that the waiting period might be roughly four years.
Markus disagreed when asked if this crypto sell-off would be “fast and aggressive” and result in a large comeback, citing the dire status of the world economy.
The previous crypto winter lasted four years, beginning in January 2018 and ending in 2021, when Bitcoin reached an all-time high of $63,500 in April and then climbed to nearly $69,000 in November.
At the time of this writing, the flagship cryptocurrency is changing hands at $22,326 after facing another drop.
Dogecoin is trading at 0.054
Dogecoin is down around 92% from its historic peak of $0.7376 achieved last May thanks to Elon Musk’s debut on Saturday Night Live on U.S. television.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Co-founder Of Dogecoin Believes The Bear Market Will Last 4 Years
Billy Markus, an IT engineer who co-founded Dogecoin with Jackson Palmer in 2013 as a parody of Bitcoin, has taken to Twitter to discuss the current crypto bear market, its causes, and how long it may stay.
In a tweet that was partly a joke, Markus shared that he expects the crypto market to “be okay eventually.” However, he pointed out that it may take quite a while—”just not soon,” he tweeted. He estimates that the waiting period might be roughly four years.
Markus disagreed when asked if this crypto sell-off would be “fast and aggressive” and result in a large comeback, citing the dire status of the world economy.
The previous crypto winter lasted four years, beginning in January 2018 and ending in 2021, when Bitcoin reached an all-time high of $63,500 in April and then climbed to nearly $69,000 in November.
At the time of this writing, the flagship cryptocurrency is changing hands at $22,326 after facing another drop.
Dogecoin is trading at 0.054
Dogecoin is down around 92% from its historic peak of $0.7376 achieved last May thanks to Elon Musk’s debut on Saturday Night Live on U.S. television.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Annie
CoinCu News
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