Together with Jackson Palmer, Billy Markus co-founded the well-known cryptocurrency Dogecoin in 2013. The meme dog Kabosu and a spoof of the most popular cryptocurrency Bitcoin were the inspiration for DOGE’s creation. Jackson is no longer frequently seen writing on Twitter/X, but Markus is a regular user who is respected by the community as an influencer.
Markus, who enjoys irony, sarcasm, and memes, tweeted a humorous estimate of the price of bitcoin coupled with information on the impending halves of the cryptocurrency. But it appears that many people in the Bitcoin community have similar concerns about this viewpoint.
Markus’s “Bitcoin price prediction”
https://x.com/BillyM2k/status/1780640072708034572
In a playful post, Billy Markus, who goes by the handle “Shibetoshi Nakamoto” on Twitter/X to parody the identity of the enigmatic Bitcoin founder, questioned whether the halving of the cryptocurrency would result in “the price getting cut in half.”
In response, the official Kraken exchange account said that this is not how a halving operates. Markus answered, “What if it does, though?” to that. His post and answer include a hint of grim irony, as many cryptocurrency owners are presently concerned that the price of Bitcoin would plummet following the event rather than rise.
Chief of the Jan3 firm and bitcoin maximalist Samson Mow has also addressed these concerns in a recent tweet. He gave the community advice to take advantage of “$0.06 million Bitcoin” while it lasts. Although he refrained from predicting prices, Mow consistently hinted in his previous tweets that Bitcoin will hit $1 million in value through the production of a “Omega candle.” He also included a comment that many Bitcoin users adore and use often: “We are still early.”
https://x.com/Excellion/status/1780665857166970906
Bitcoin halving one day away
The community is eager to see how the much-anticipated Bitcoin halving will affect the price of the cryptocurrency. The purpose of the halving is to reduce block rewards for miners by half. Instead than receiving 6.25 BTC for each new block, they will receive 3.125 BTC at the next fourth halvening.
Halvenings guarantee the primary cryptocurrency’s deflationary nature and a decrease in the amount of new supply introduced into the market. Influencer Samson Mow, who was previously mentioned, has been tweeting a lot about how the impending halving will cause a supply shock for Bitcoin, and spot BTC ETFs have been helping the demand shock materialise.
