Crypto Crash Sparks Ironic Post from Dogecoin Founder Billy Markus

TLDR

• Billy Markus reacted to the crypto crash by sharing a sarcastic meme on X referencing gold and silver purchases.
• His post responded to a report claiming gold and silver erased $1.7 trillion in market value within 90 minutes.
• Markus has consistently expressed skepticism toward crypto trading and views Bitcoin as a speculative asset.
• Bitcoin dropped nearly eight percent over the past week before attempting a short-lived recovery.
• The price of Bitcoin fell again after regaining losses and was trading near $88,000 at press time.

Billy Markus, co-creator of Dogecoin, reacted online to the crypto crash while gold and silver surged to record highs, responding with sarcasm on X as investors witnessed a turbulent shift in market preferences. Precious metals rose during global instability, and Bitcoin dropped sharply.

Markus Comments on Crypto Market Volatility

Billy Markus posted a meme on X saying, “Just sold my crypto yesterday to buy gold and silver.” He used it in response to a tweet by The Kobeissi Letter reporting an extreme market reversal.

According to the agency, $1.7 trillion was wiped from gold and silver market cap within 90 minutes. They called it “one of the largest reversals in history” in their tweet following the market swing.

Markus is known for his ironic takes and has repeatedly criticized speculative behavior in crypto markets. His post appeared to highlight the unpredictability of asset movements as metals rallied.

Bitcoin Struggles During the Crypto Crash

The crypto crash saw Bitcoin fall nearly 8% between Monday and Sunday, moving from $93,300 to $86,400. However, Bitcoin then rebounded slightly by 2.68% to reach $88,720 before declining again to $88,000.

This volatility occurred during rising global tensions and financial market uncertainty. Bitcoin’s price changes reflect how sensitive it remains to both global news and investor shifts.

Markus has maintained that Bitcoin is more of a speculative tool than a reliable investment. His skepticism continues, especially during downturns like the recent market drop.

Kiyosaki Praises Gold and Silver’s Rise

Robert Kiyosaki, investor and author of “Rich Dad Poor Dad,” supported the gold and silver rally on X. He stated he’s not concerned about price movements and continues acquiring Bitcoin, gold, and silver.

Last week, Kiyosaki predicted gold would reach $27,000 per ounce in the future. He celebrated gold breaking above $5,000 for the first time, expressing continued confidence.

Kiyosaki claims the U.S. dollar is failing and prefers hard assets as long-term stores of value. His posts often highlight distrust in fiat currencies and support for alternative investments.

He has shared views on Bitcoin consistently since 2020, alongside bullish calls for metals. Today’s market moves align with his positions, as gold and silver outperform digital assets.

While Bitcoin fluctuated, gold and silver reached all-time highs as investors sought safe havens. Markus and Kiyosaki represent different perspectives, but both pointed out asset shifts.

As of press time, Bitcoin trades around $88,000 after struggling to hold earlier recovery levels. Gold and silver remain elevated following their sharp gains despite brief pullbacks in value.

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