Dogecoin Cofounder Dismisses Bitcoin Bear Call With One Word
In brief
- Billy Markus dismissed Bitcoin crash prediction with single-word 'sigh' response
- Polymarket tracked 63% probability of BTC falling below $60,000 by August
- Bitcoin down 30% year-to-date amid fading crypto legislation and weak earnings
The Bear Call
Polymarket showed Bitcoin had a 59% chance of dropping below $60,000 by the end of August. Markus, who operates under the handle "Shibetoshi Nakamoto" on X, engaged with the post directly. His response was spare: "sigh."
The one-word dismissal captured a particular brand of fatigue — not panic, but resignation. Markus described the current phase as boring rather than panic-inducing, suggesting that bear markets, while painful, follow a predictable rhythm that veteran crypto observers have learned to tolerate.
Market Reality
The backdrop for Markus's comment was concrete. Bitcoin was trading down 0.68% in the last 24 hours to $62,707, while Bitcoin fell over the weekend amid fading momentum behind US crypto legislation and disappointing earnings from Coinbase. The year-to-date picture was grimmer: Bitcoin is down about 30% this year.
By the time the article was published, the chances of Bitcoin falling below $60,000 had increased to 63% on Polymarket. Polymarket also tracked a 42% chance of Bitcoin rising above $67,500 in August, showing the market remained split on direction.
Dogecoin itself mirrored the broader weakness. Dogecoin was down 0.67% in the last 24 hours to $0.069 and down 4.35% weekly.
