Billy Markus, the co-founder of Dogecoin, has taken to social media to express his skepticism regarding the potential for new all-time highs (ATHs) in the cryptocurrency market. In a recent tweet directed at his 2.2 million followers on X, Markus shared a sarcastic take on the current state of crypto prices, implying that while the sector appears to be performing decently, he does not foresee Bitcoin or Ethereum breaking their previous records anytime soon.
Markus commented, “Man crypto is doing good and all, but also wake me up when ATHs are being broken.” His remarks come in light of Bitcoin”s last ATH on October 6, when it reached $126,198, although it is currently trading significantly lower at approximately $95,000 per coin. This drop follows a recent crash linked to geopolitical events in the U.S., particularly the U.S. Department of Justice”s investigation involving Federal Reserve Chair Jerome Powell, which caused Bitcoin to dip to around $90,000 before recovering slightly.
Despite his foundational role in creating the iconic meme coin, Markus has been vocal about his disdain for crypto trading, comparing it to gambling and even likening it to a mental illness. His skepticism extends to the burgeoning market of non-fungible tokens (NFTs) as well, where he has expressed similar concerns about the motivations of collectors and traders.
In another tweet, Markus humorously reflected on the challenges faced by the Zoomer generation, highlighting three key struggles: living through a pandemic during their formative years, the pressures of emerging artificial intelligence in the workforce, and the overall complexities of modern life. He accompanied this commentary with a meme that visually represented these sentiments.
As the crypto landscape continues to evolve, Markus”s remarks serve as a reminder of both the volatility of the market and the diverse perspectives within the cryptocurrency community. His insights resonate particularly during a period of heightened scrutiny and uncertainty surrounding regulatory actions and technological advancements in blockchain.
