On Twitter, the co-creator of Dogecoin, a cryptocurrency made as a "joke" to mock the irrational investment in cryptocurrencies at the time, is currently having another good time. Using the Twitter handle "Shibetoshi Nakamoto," Billy Markus, a co-founder of Dogecoin, made humorous replies to Balaji Srinivasan's tweet about the possibility of Bitcoin replacing the dollar as the world's reserve currency. "1 BTC to 1 BTC," Balaji remarked in a long tweet.
Markus answered humorously, saying that "1 BTC = 1 BTC is a slogan borrowed from the dogecoin community's 1 DOGE = 1 DOGE."
He posted a joking remark to a user on the slogan saying, "Dogecoin was made in 1936 by John Doge," adding, "I am glad with this contribution to the world."
It's important to note that Markus was motivated to develop Dogecoin in 2013 as a parody of the Bitcoin cryptocurrency based on the Shiba Inu meme.
The CEO of Twitter and a proponent of Dogecoin Elon Musk earlier made a suggestion that cryptocurrencies might replace fiat money in the future.
He described Dogecoin in this way on a few occasions: "I think the most interesting conclusion, the most ironic end, would be if Dogecoin becomes the currency of the Earth of the future," Musk remarked in 2021.
Bitcoin Forecast From Balaji Srinivasan
According to reports, former a16z partner and Coinbase CTO Balaji Srinivasan said he was betting a staggering $2,000,000 on Bitcoin (BTC) because he thinks the digital currency will be valued over $1,000,000 in 90 days. The crypto industry has responded to the ridiculous wager.
"Bitcoin reaching $1 million in 90 days? This might be a market-top indication", said cryptocurrency analyst Ali. 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."