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Dogecoin Co-Founder Proposes Unconventional Bitcoin Valuation
Billy Markus, the co-creator of Dogecoin, recently sparked a debate in the crypto community with an unusual perspective on Bitcoin's valuation. Markus, who is known for his witty and sometimes controversial views on digital currencies, suggested that the price of Bitcoin should be $69,420. His logic? Simply because this is a meme trick, and in his opinion, memes are dominant in the universe.
This playful comment triggered a wave of backlash from his followers; one suggested that the figure would be raised to $694,200. Markus jokingly accepted this suggestion. Interestingly, the price of Bitcoin has shown an increase, approaching the value suggested by Markus. With a 6% increase since the start of the week, Bitcoin is now just over $69,420 and only 6.4% away from the potential to reach a new high of $74,000.
While Markus jokes with Bitcoin's valuation, the Dogecoin he created continues to gain traction. Dogecoin is up 5% and reaches $0.195 per DOGE. Markus took the opportunity to share a fun collage featuring the famous Doge meme, which was encouraged to be titled 'Go, Doge, Go!'