Dogecoin Founder Issues Crucial Statement on Bleeding Cryptocurrency Market

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Dogecoin co-creator Billy Markus has commented on the current cryptocurrency market decline

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Overall, between July 1 and July 5 last week, Bitcoin lost more than 15% of its price, dropping from the $63,600 zone to $53,900. This plunge was followed by an attempt to regain the losses with Bitcoin succeeding in gaining 8.3% as it surged back to the $58,370 level. After that, the above-mentioned 24-hour blow took place.

Markus is known for his tweets in which he criticizes crypto trading as gambling, since he does not believe that cryptocurrency price movements can be in any way predicted in advance. A few times, he likened crypto investing to a mental disease, as well as investing in NFTs. Last week, he also stated that Bitcoin perhaps indeed gives financial freedom, as Bitcoin maximalists insist, but this freedom shrinks once the BTC price begins to plummet.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.

 

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