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

<a href="https://twitter.com/BillyM2k?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank" rel="nofollow noopener">Markus</a> 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.

<strong>Scams Are Facilitated by Cryptocurrency: Jackson Palmer</strong>

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 <a href="https://www.cryptoknowmics.com/news/dogecoin-co-founder-more-people-lose-money-than-getting-rich">claimed</a> that cryptocurrencies enable scams:

<em>"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."</em>

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.

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Dogecoin Co-Founder Billy Markus Believes Bear Market Will Last 4 Years

Dogecoin co-founder Billy Markus has taken to Twitter to discuss the current crypto bear market and joked that the bearish cycle may last for four years.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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

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