U.Today – (DOGE) co-founder Billy Markus, who goes by “Shibetoshi Middlemoto” on X, recently issued a statement regarding the $200,000 price. Bitcoin soared above $100,000 in the late trading session on Wednesday, hitting a new all-time high of $104,000.
Marcus, known for his humor and candor, tweeted: “Bitcoin still hasn't broken $200,000 today. I'm bored.” Although the tone was playful, the underlying sentiment has prompted speculation about Marcus' expectations for Bitcoin's price movement.
The ambitious goal of Bitcoin reaching the $200,000 level has been discussed by many. Marcus' tweet may have been light-hearted, but given that Bitcoin would need to rise 135% since the beginning of the year to surpass $100,000 and is the largest cryptocurrency by market capitalization. This is consistent with the narrative that Bitcoin could reach new highs. Such dramatic price movements.
The cryptocurrency community reacted to the Dogecoin co-founder's tweet, with many seeing it as another example of his signature resourcefulness.
It's unclear whether Marcus' tweet was a serious prediction or just a joke, but it reignited debate about Bitcoin's potential trajectory. $200,000 may seem far away, but anything is possible. For now, Bitcoin is currently trading below $200,000, but Marcus' boredom may not last forever.
Bitcoin surpasses $100,000
Late Wednesday night, the price of Bitcoin exceeded the long-awaited $100,000 level for the first time in history. The milestone prompted reactions from the crypto community, including Dogecoin co-founder Billy Marcus, who tweeted that “it happened” and “it can't go far enough.”
Michael Saylor, co-founder and chairman of MicroStrategy, responded to the milestone by declaring, “There's going to be a 100K party.”
Bitcoin's price rally continued on Thursday, topping $104,000 on Coinbase (NASDAQ:). Bitcoin rose 7.24% to $102,896 at the time of writing, according to data from CoinMarketCap.
At just over $100,000, Bitcoin's market value increased to more than $2 trillion, making it a larger financial asset than all but a few publicly traded companies, including Nvidia. (NASDAQ:) and Apple Inc. (NASDAQ:). And $2 trillion is roughly equivalent to the market capitalization of all British stocks.
This article was originally published on U.Today
