Dogecoin Creator Comments on Crypto Market Decline

Billy Markus, the co-founder of Dogecoin, has weighed in on the recent crypto market decline with his characteristic irony. Known on X as Shibetoshi Nakamoto, Markus tweeted, "I liked crypto about 10% better yesterday," as Bitcoin dropped over 2% and the broader market followed suit.

Bitcoin and Crypto Market Dip

Bitcoin fell from $105,500 to $104,400, marking a 5% decline since Thursday. The crypto market mirrored this drop, with top 20 and other coins losing 2%-8%. This downturn coincided with escalating U.S.-China trade tensions and a slight rebound following a drop in the PCE inflation index, which hit a 2025 low of 2.1%.

Markus' Skeptical Stance on Crypto

Markus is known for his skepticism toward crypto investing and trading, often likening trading to a mental illness. He doubts analysts' ability to predict price movements, noting that "experts" typically explain trends after they occur. Markus has also expressed doubt about predictions of Bitcoin reaching $1 million.

Personal Holdings and Philosophy

Markus holds minimal crypto, including a small amount of Dogecoin and 0.001 BTC. He sold most of his Dogecoin in 2015 to buy a used Honda Civic, reflecting his pragmatic approach to crypto wealth. His comments underscore his cautious and often humorous perspective on the volatile crypto market.