Billy Markus, co-founder of Dogecoin, has publicly disputed comments made by Bitcoin advocate Michael Saylor regarding recent market turbulence. The disagreement highlights contrasting perspectives on cryptocurrency volatility as Bitcoin continues to experience significant price fluctuations.
Saylor, who serves as executive chairman of Strategy, characterized Bitcoin's recent volatility as "Satoshi's gift to the faithful" in a social media post on February 3. The statement came as Bitcoin faced substantial losses, dropping over 18% from $90,000 to an intraday low of $73,000 between January 28 and February 3. The cryptocurrency has since recovered modestly, trading around $75,796 at the time of writing.
Markus Responds With Skepticism
Markus, who operates on social media under the pseudonym Shibetoshi Nakamoto, offered a sharp rebuttal to Saylor's optimistic framing. His response dripped with sarcasm: "Satoshi is rewarding believers with a shitty, annoying market. This is a good post."
The creator of Dogecoin has maintained a consistently skeptical stance toward cryptocurrency trading and investment strategies. He has previously compared trading activities to mental illness in multiple posts. His pessimism about market conditions extends into 2026, as evidenced by a recent tweet suggesting this year might prompt investors to seek "new hobbies." The post included a declining Bitcoin chart to emphasize his bearish outlook.
Markus created Dogecoin in 2013 alongside Jackson Palmer. The cryptocurrency was built on Bitcoin's code. Despite this technical connection to Bitcoin, Markus has never shared Saylor's unwavering enthusiasm for crypto markets.
Strategy Continues Bitcoin Accumulation
While critics question market conditions, Saylor's company has maintained its aggressive Bitcoin acquisition strategy. Strategy announced on February 2 that it purchased 855 BTC during the recent price decline. The company spent approximately $75.3 million on this transaction.
This purchase followed an earlier acquisition in late January, when Strategy bought 2,932 BTC for $264.1 million. The company's total Bitcoin holdings now stand at 713,502 coins, valued at approximately $54.3 billion at current prices.
Strategy operates the largest corporate Bitcoin treasury. Saylor has consistently advocated for Bitcoin as a superior store of value compared to traditional assets. His company's continued buying during market downturns reflects his conviction that volatility presents buying opportunities rather than warning signs.
