News

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.

Co-founder Of Dogecoin Believes The Bear Market Will Last 4 Years

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.

Source: CoinCu

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Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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