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Billy Markus co-founded Dogecoin, the iconic meme-inspired cryptocurrency, together with Jackson Palmer in 2013. The idea behind the creation of DOGE was the dog meme Kabosu and a way to parody the leading cryptocurrency, Bitcoin. Now, Jackson is rarely seen posting on the X/Twitter platform, but Markus is a frequent user, recognized as an influencer by the community.
Known for his love of memes, sarcasm, and irony, Markus posted a tweet about the approaching Bitcoin halving, as well as a jokey BTC price prediction. However, this view appears to reflect the fears of many in the Bitcoin community.
“Bitcoin Price Prediction” by Markus
Billy Markus, known on reduced by half.
The official Kraken exchange account responded that halving does not work that way. To this, Markus replied “what if it was, though.” There is some dark irony in his tweet and response, as many cryptocurrency holders are currently concerned that the price of Bitcoin will see a massive drop after the event instead of rising.
Samson Mow, Bitcoin maximalist and head of the company Jan3, also addressed these fears in his recent tweet. He advised the community to enjoy “$0.06 million worth of Bitcoin” while they can. He has not made any price predictions, but in his previous tweets, Mow has consistently predicted that Bitcoin will reach the price of $1 million by printing an “Omega candle.” He added a phrase appreciated and frequently used by many Bitcoiners: “we are still ahead”.
Bitcoin halved in one day
The long-awaited Bitcoin halving is almost here and the community is eagerly awaiting the BTC price reaction. Halving involves cutting the overall rewards for miners in half. During the approaching fourth halving, each new block will earn them 3.125 BTC instead of 6.25 BTC.
The halving ensures that the flagship cryptocurrency remains deflationary and its injected supply into the market decreases. The aforementioned influencer Samson Mow frequently tweets that the upcoming halving will create a Bitcoin supply shock, while spot BTC ETFs have contributed to the emergence of the demand shock.