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 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
Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…
George Town, Grand Cayman, 22nd November 2024, Chainwire
Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…
Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…
Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…
Discover the success story of a New York tech entrepreneur who made $72M from a…
This website uses cookies.