Billy Markus Trolls Bitcoin Bulls After the Market Reacts Bearishly to Powell’s Announcement

Billy Markus, known on the X social media network as Shibetoshi Nakamoto, who created the iconic meme cryptocurrency Dogecoin in cooperation with

Billy Markus, also known as Shibetoshi Nakamoto on the X social media network, recently took to the platform to share his thoughts on Elon Musk, following criticism from U.S. politicians, including the California governor threatening to sue over posting memes.

While the conversation in the comments shifted, Markus also opened up about selling nearly all of his DOGE nine years ago.

Crypto enthusiast @ChadCaff shared a screenshot of an article with the title, “Dogecoin creator sold all his coins for a $10,000 Honda in 2015.” The subheading clarified that it was a Honda Civic. The X user asked if Markus is planning to sell all his DOGGO holdings as well.

Markus responded to the comment, saying “godspeed all” as he appeared to not regret selling his crypto holdings for the car, adding that he still has a small amount of Dogecoin and 0.006 BTC, based on his tweets earlier this year.

Another X user also asked the DOGE creator whether his financial situation was so dire that he had to sell all his crypto, to which Markus responded, “Whatever i hold goes to 0 in like 5 hours so maybe i have to sell for it to do well.”

Markus's comment seemed to be poking fun at the rapid price movements in the cryptocurrency market, where some coins can experience significant gains or losses in a short span of time.

The DOGE creator's statement suggests that he might be selling his crypto holdings to contribute to their price increase, albeit in a humorous way.

However, it's worth noting that Markus has sold nearly all of his DOGE coins, except for a small portion, and his financial situation is not entirely clear from the available information.

Markus trolls Bitcoin bulls with market reactions

During the FOMC meeting this week, Fed Reserve chairman Jerome Powell announced that the bank will opt for slashing the annual interest rate by 50 basic points, rather than 25 as widely anticipated.

This move was expected to provide a strong boost to the stock and cryptocurrency markets, pushing them into the green zone. However, the initial reaction observed in the markets was bearish, with both stocks and cryptocurrencies declining.

Markus shared screenshots of S&P 500, Bitcoin and Ethereum prices decreasing following Powell's announcement, seemingly to troll those who had anticipated a market surge.

Despite the initial setback, prices recovered later on, with Bitcoin adding almost 8% and briefly touching the $64,000 price level. At the time of writing, BTC is trading slightly above $63,000.