U.Today – Billy Markus, co-author of the iconic cryptocurrency meme launched in 2013, posted a tweet to share with the community his thoughts on what’s currently happening in the crypto market. On social media, Markus is known under the pseudonym Shibetoshi Nakamoto.
He notably commented on the loss of more than $4,000 of the world’s most popular cryptocurrency in less than a day. Markus is known for his joking, playful and often sarcastic comments about cryptocurrencies, especially when they dip, as if to support his attitude. He never called it a store of value or made any praise about his brainchild Dogecoin or any other crypto.
Commentary from Shibetoshi Nakamot on the fall of Bitcoin
Over the past few hours, the largest cryptocurrency by market capitalization, Bitcoin, fell almost 5% from $95,300 to the $90,640 area. Currently, BTC has managed to recover a bit and is changing hands at $90,900 per coin.
The lowest level Bitcoin fell to last week was $91,860 and now BTC has managed to drop further below that level.
Billy Markus commented sarcastically on this price drop, sharing a chart with the Bitcoin price collapse and saying, “Happy Monday.”
His tweet sparked a discussion in which several commenters participated, discussing the current fall of Bitcoin.
MicroStrategy Announces Large New Bitcoin Purchase
Meanwhile, taking advantage of a further drop in Bitcoin prices, Michael Saylor’s business intelligence giant MicroStrategy announced a major new Bitcoin acquisition. According to a filing released today, the company purchased $243 million worth of BTC.
Today, the company’s crypto holdings exceed 450,000 BTC, which is equivalent to $40,586,688,000. Thus, the company now holds 2.14% of the total supply of 21 million BTC. The most recent Bitcoin acquisition before today’s took place on January 5, when the Saylor giant purchased $101 million in Bitcoin.
The purchase was announced shortly before Bitcoin fell below the $91,000 price level.
Last year, Michael Saylor said that MicroStrategy would hold Bitcoin “forever” and also predicted that in 10 years, BTC would take away some of gold’s market share. This would propel Bitcoin to a cost of $13 million, he claimed.