Main navigation

Dogecoin (DOGE) Co-Founder Reacts to New Bitcoin (BTC) Price Prediction

Sun, 03/19/2023 - 11:44
article image
Tomiwabold Olajide
Dogecoin (DOGE) co-founder responds to Balaji Srinivasan's tweet
Dogecoin (DOGE) Co-Founder Reacts to New Bitcoin (BTC) Price Prediction
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The co-creator of Dogecoin, a cryptocurrency created as a "joke," to make fun of the wild speculation in cryptocurrencies at the time, is having fun on Twitter again. Billy Markus, co-founder of Dogecoin with the Twitter alias "Shibetoshi Nakamoto," posted amusing responses to Balaji Srinivasan's tweet on a scenario where Bitcoin becomes the new reserve currency of the world. "1 BTC to 1 BTC," Balaji said in a long tweet.

Markus jokingly responded: "1 BTC = 1 BTC is a slogan stolen from the dogecoin community's 1 DOGE = 1 DOGE unironically."

In a response to a user on the slogan, he said, "I am happy with this contribution to the world," while he made another joke response to a user, "Dogecoin was made in 1936 by John Doge."

It bears mentioning that Markus was inspired to create Dogecoin based on the Shiba Inu meme in 2013 as a parody of the Bitcoin cryptocurrency.

Elon Musk, a Dogecoin supporter and Twitter CEO, previously hinted that crypto may be the future currency of the earth.

On a few occasions, he spoke about Dogecoin in this light: "Arguably the most entertaining outcome, the most ironic outcome, would be that Dogecoin becomes the currency of the Earth of the future," Musk said in 2021.

Balaji Srinivasan's Bitcoin prediction

As reported, Balaji Srinivasan, a former a16z partner and Coinbase CTO, said that he was placing a huge $2,000,000 bet on Bitcoin (BTC) as he believes that Bitcoin (BTC) will be worth over $1,000,000 in 90 days. The insane bet has attracted reactions across the crypto industry.

Bitcoin (BTC) at $1,000,000 in 90 Days: Insane Bet by Balaji Srinivasan

Crypto analyst Ali reacted: "Bitcoin at $1 million in 90 days? This could very well be a market-top signal."

He added, "$18,797,203,666,237 would need to be invested in Bitcoin to push it to $1,000,000 within 3 months. This simplified calculation doesn't account for factors such as market liquidity, order book depth, depreciation in the US dollar value, and other market dynamics."

article image
About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.