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Dogecoin co-founder Billy Markus has sparked a heated debate on social media after sharing his thoughts on the future of Bitcoin’s market value.
Markus took to Twitter to post a tweet stating that if he were to re-buy all the Bitcoin (BTC) held by MicroStrategy, an enterprise software company, at its current price, it would cost him approximately $13 million per coin. This staggering prediction has raised eyebrows among cryptocurrency enthusiasts and experts alike.
The context behind Markus’ claim lies in his earlier statement that he believes the market capitalization of Bitcoin will drop significantly due to growing regulatory scrutiny and increasing competition from other digital assets. By extrapolating this idea, he inferred that if MicroStrategy were to re-buy all its Bitcoin at current prices, it would require a whopping $13 million per coin.
The Dogecoin co-founder’s comments have sparked widespread debate on social media, with some users dismissing his claims as unrealistic, while others are more optimistic about the prospect of a market crash.
Michael Saylor, the CEO of MicroStrategy, has been one of the most vocal proponents of Bitcoin. His company holds over 130,000 BTC, making it one of the largest institutional holders in the space.
Despite the heated discussion surrounding Markus’ prediction, it is essential to note that his forecast may not materialize as predicted. The cryptocurrency market is inherently volatile, and predictions can be highly unreliable.
What do you think about Billy Markus’ tweet? Do you believe Bitcoin will drop significantly in value? Let us know your thoughts in the comments below.
The article has been written by Yuri Molchan
Source: u.today
