In 2013, Billy Markus, in collaboration with Jackson Palmer, co-founded the meme-inspired cryptocurrency, Dogecoin, as a playful homage to the meme dog Kabosu and a satirical take on Bitcoin, the leading cryptocurrency of the time. While Palmer has retreated from the public eye, Markus, known for his penchant for memes and sarcasm, remains an active presence on social media, particularly on X/Twitter, where he is recognized as an influencer within the cryptocurrency community.
Markus, under the pseudonym “Shibetoshi Nakamoto,” a playful nod to Bitcoin‘s mysterious creator, recently took to Twitter to share a jesting take on the impending Bitcoin halving event. In a tweet, Markus humorously pondered whether the halving would mean that “the price will get cut in half,” eliciting a response from the official Kraken exchange account, clarifying the mechanics of the halving. Undeterred, Markus replied with a wry “what if it does, though,” tapping into the underlying apprehension within the Bitcoin community regarding the event’s potential impact on price.
This sentiment was echoed by Bitcoin maximalist Samson Mow, chief of the Jan3 company, who addressed community fears in a recent tweet. While not making explicit price predictions, Mow urged the community to savor the current value of Bitcoin, hinting at a potential dip post-halving. Mow’s previous tweets had hinted at a bullish outlook, with mentions of Bitcoin reaching a million-dollar price mark through the creation of an “Omega candle,” a sentiment shared by many Bitcoin enthusiasts who believe “we are still early” in the cryptocurrency’s adoption curve.
As the much-anticipated Bitcoin halving draws near, scheduled to reduce block rewards from 6.25 BTC to 3.125 BTC per block, the community eagerly anticipates the price reaction. Halvings are integral to Bitcoin’s deflationary nature, reducing the supply injected into the market. Influencers like Mow emphasize the potential for a supply shock post-halving, while the emergence of spot BTC ETFs adds to the anticipation of a demand shock. Amidst speculation and jests, the Bitcoin community braces for the impact of this significant event on the cryptocurrency landscape.
