For the creator of DOGE, bitcoin could reach $100,000 one day, but there’s a catch.

The co-founder of Dogecoin thinks bitcoin could reach $100,000 one day, but it could be useless to humanity by then. Billy Markus, who founded Dogecoin with Jackson Palmer in 2013, tweeted that he admits bitcoin could reach $100,000.

However, he clearly doubts that the world and the prices in it will be the same as today.

“It will probably reach 100K one day.”

In a discussion with Twitter user “Madam Doge” (@calic415), who was referring to Michael Saylor’s optimistic predictions about bitcoin and his expectations for $100,000, Markus said that BTC may reach that level one day.

However, he added that a future in which BTC is worth that much may well be pessimistic – either “we will all be dead by then“, or “inflation will reach the size of a galaxy – 100K would buy a sandwich.“

The conversation between them began when “Mrs. Doge“complained about the drop in bitcoins and asked for the reasons. Billy Markus provided them: “Because people sold out.“

it’ll probably reach 100k someday but maybe we will all be dead by then and 100k would buy a sandwich

– Shibetoshi Nakamoto (@BillyM2k) November 8, 2022

BTC falls below $20,000 and ETH below $1,500.

On November 7 bitcoin, fell back below the $20,000 mark, now trading in the $19,600 area.

Over the past 24 hours, bitcoin has lost about 5% of its value, falling from $20,400 to $20,000, as the community thought bitcoin had finally recovered some of its losses and was preparing to climb back up.

Coinglass reported that $112.83 million in crypto was liquidated, and 95% of the wiped positions were long positions.

The amount of liquidated crypto positions reached a whopping $300 million. The likely reason for the BTC plunge is the war between Binance and the FTX exchange that has accelerated.

In addition, FTX has removed Ethereum from its portfolios; the second largest crypto is also down, having dropped below the psychologically important $1,500 level.