Billy Markus, known on social media under the pseudonym Shibetoshi Nakamoto, created the iconic meme-themed cryptocurrency Dogecoin in collaboration with Jackson Palmer in 2013 as a parody of Bitcoin. Since then, both have stepped down from the project, leaving it in the hands of the Dogecoin Foundation. As altcoins began falling following the two largest cryptocurrencies Bitcoin and Ethereum, the Dogecoin cofounder tweeted: “Man crypto sure does suck.” Markus is known for his skepticism toward crypto trading, often likening it to gambling. Markus’s tweet came out right when the Bitcoin price collapsed overnight, caused by several major developments in the crypto space.