Pakinomist – Billy Markus, the co-author of the iconic meme cryptocurrency that launched in 2013, has released a tweet to share his thoughts with the community on what’s happening in the crypto market right now. On social media, Markus is known under the pseudonym Shibetoshi Nakamoto.
In particular, he commented that the world’s premium cryptocurrency lost more than $4,000 in less than one day. Markus is known for his witty, playful and often sarcastic comments on cryptocurrencies, especially when they crash, as if he supports his position. He has never called a store of value, nor has he uttered any praise about his coined Dogecoin or any other crypto.
Shibetoshi Nakamot’s commentary on the Bitcoin dive
Over the past several hours, the largest cryptocurrency in terms of market capitalization, Bitcoin, has risen by almost five percent, plunging from the $95,300 to the $90,640 zone. Now BTC has managed to recover a bit and is changing hands at $90,900 per coin.
The deepest Bitcoin plunged last week was $91,860, and now BTC has managed to go even below that level.
Billy Markus sarcastically commented on this price drop, sharing a chart of collapsing Bitcoin price and saying, “Happy Monday.”
His tweet sparked a discussion in which several commentators joined in and discussed the current Bitcoin plunge.
MicroStrategy Announces Major New Bitcoin Purchase
Meanwhile, Michael Saylor’s business intelligence giant MicroStrategy, taking advantage of another Bitcoin price drop, has announced another major Bitcoin acquisition. According to a filing published today, the company has purchased BTC for $243 million.
Now, the company’s crypto holdings have topped a whopping 450,000 BTC, which equates to $40,586,688,000. Thus, the company now has 2.14% of the entire 21 million BTC supply. The most recent Bitcoin purchase before today was made on January 5, when Saylor’s giant bought $101 million in Bitcoin.
The purchase was announced shortly before Bitcoin plummeted below the $91,000 price level.
Last year, Michael Saylor stated that MicroStrategy is going to hold Bitcoin “forever” and also made a prediction that in 10 years, BTC would take away some of gold’s market share. This would make one Bitcoin cost $13 million, he claimed.
