Dogecoin Founder Reacts to New Bitcoin ATH, Here’s ‘Hot’ Take

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Billy Markus, co-creator of the meme cryptocurrency Dogecoin alongside Jackson Palmer, shared his thoughts on Bitcoin's new all-time high (ATH) reached on Wednesday, as BTC approached the $112,000 mark, on his X account.

Dogecoin Founder's Take on Bitcoin's New ATH

Markus, known on X as "Shibetoshi Nakamoto," is recognized for his playful, often ironic, and sometimes sarcastic commentary on the crypto world, particularly concerning investment, trading, and the fluctuating prices of cryptocurrencies.

In a tweet, Markus posted a BTC/USD chart showing the surge above $111,000, accompanied by the joking caption: "Bitcoin boner." This was his humorous take on the new ATH.

bitcoin boner pic.twitter.com/IRFT5s4itm— Shibetoshi Nakamoto (@BillyM2k) July 9, 2025

Previously, Markus mentioned in a tweet that he owns only 0.006 BTC and intends to hold onto it until Bitcoin reaches $1 billion per coin, likely another instance of his characteristic sarcasm.

Overall, Shibetoshi Nakamoto (whose X handle itself is a satirical nod to Bitcoin's creator, Satoshi Nakamoto) seems to believe that the cryptocurrency market operates without clear rules or logic, driven instead by unpredictable forces. Consequently, he often expresses skepticism about crypto investment to his followers on X.

CZ of Binance: "Hope you bought the dip"

Changpeng Zhao, widely known as CZ within the crypto community, also shared his reaction to Bitcoin's record-breaking price. He referenced a previous tweet from June 23, where he stated: "Remember, by definition, everything before the next ATH is a dip." Referencing himself, CZ commented on the new ATH, saying: "Hope you bought the dip."

Hope you bought the dip. https://t.co/P13m3r5eee— CZ ? BNB (@cz_binance) July 9, 2025

CZ also highlighted a key factor for exponential growth in any digital network, likely referring to Bitcoin: Metcalfe's Law. This principle suggests that a network's value increases exponentially with the number of connected users.

"As more users join a network (social media, messaging app, or blockchain), the possible connections/value increases exponentially, not linearly," CZ explained, suggesting that this dynamic is currently at play with Bitcoin, as evidenced by the new all-time high. Read original article on U.Today