Dogecoin Co-Founder Billy Markus Believes Bear Market Will Last 4 Years

Billy Markus, who co-founded Dogecoin with Jackson Palmer in 2013 as a parody of Bitcoin, has taken to Twitter to discuss the current crypto bear market, its causes, and how long it might stay. Markus mentioned that he expects the crypto market to "be okay eventually" in a tweet that was partially a joke. However, he cautioned that it could take a long time. He joked that the waiting time might last about four years. https://twitter.com/BillyM2k/status/1536544339148517376 Markus disagreed when asked if this crypto sell-off would be "fast and aggressive" and result in a significant comeback, citing the dire status of the world economy. The previous crypto winter lasted four years, beginning in January 2018 and ending in 2021, when Bitcoin reached an all-time high of $63,500 in April and then climbed to nearly $69,000 in November. Scams Are Facilitated by Cryptocurrency: Jackson Palmer Incidentally, Billy Markus isn't the only one who's somewhat circumspect about cryptocurrencies. His fellow co-founder Jackson Palmer is not too positive about cryptocurrencies either. In a recent interview with The Project, Dogecoin co-founder Jackson Palmer claimed that cryptocurrencies enable scams: "Because it is this thing that exists outside of the control of the government because it is this irreversible transaction, it really has provided a means for scammers to come in and do all this stuff without that pesky." After becoming dissatisfied with the bitcoin community, he left the project shortly after its inception. Since then, the software developer has confessed that he's glad he didn't become wealthy with Dogecoin. Palmer claims that crypto billionaires with rose-tinted glasses are blind to the fact that others are losing money.