Dogecoin Cofounder Comments on Bitcoin Price

Billy Markus, cofounder of Dogecoin (DOGE), also known as "Shibetoshi Nakamoto" on X, recently addressed a potential $200,000 Bitcoin price. Bitcoin surged beyond $100,000 in late Wednesday trading, achieving a new all-time high of $104,000.

Markus tweeted humorously, saying, "Bitcoin hasn’t broken $200k today. I am bored," igniting discussion about his expectations for Bitcoin's price. While the lighthearted tone suggested playfulness, it also fueled speculation about Bitcoin's future trajectory.

Reaching the $200,000 milestone is ambitious, but Markus’s tweet aligns with the narrative of Bitcoin hitting new highs, especially considering its impressive 135% year-to-date increase that brought it past $100,000. The crypto community recognized Markus's characteristic wit in their responses.

Ultimately, whether Markus's comment was a real forecast or playful banter, it has revived conversations about Bitcoin's potential path. Currently, it trades below the $200,000 mark, but this situation may change.

Bitcoin Surpasses $100,000

On Wednesday evening, Bitcoin broke the long-awaited $100,000 threshold for the first time. This historic moment was met with excitement in the crypto community, with Markus tweeting that "it happened" and adding it "is not over the top enough."

Michael Saylor, cofounder and chairman of MicroStrategy, responded by declaring, "There is going to be a 100K Party."

Following the milestone, Bitcoin's price continued to rise, reaching $104,000 on Coinbase. At the time of writing, Bitcoin was up 7.24% at $102,896, according to CoinMarketCap.

Bitcoin's recent price surge has boosted its market capitalization to over $2 trillion, positioning it as a more significant financial asset than companies like Nvidia Corp (NASDAQ:NVDA) and Apple Inc (NASDAQ:AAPL). Notably, $2 trillion roughly mirrors the market value of the entire FTSE 100 Index of British stocks.

This article was originally published on U.Today