💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Dogecoin Co-Creator's Salty Take On Miami Bitcoin Conference: 'Cringe And Crashes'

Published 07/04/2022, 14:14
Updated 07/04/2022, 15:12
© Reuters Dogecoin Co-Creator's Salty Take On Miami Bitcoin Conference: 'Cringe And Crashes'
BTC/EUR
-
BTC/USD
-
BTC/EUR
-
BTC/JPY
-
BTC/USD
-
DOGE/USD
-
BTC/JPY
-
BTC/GBP
-
BTC/GBP
-
DOGE/USD
-
DOGE/EUR
-

Dogecoin’s (CRYPTO: DOGE) co-creator Billy Markus doesn’t have a very upbeat assessment of the Bitcoin 22 conference being held in Miami, Florida. Markus asked on Twitter (NYSE:TWTR) if “anything come out of bitcoin miami other than cringe and crashes.”

The Cringe: Last year’s conference featured several moments that could be deemed cringeworthy. Including an appearance of an excitable gatecrashing Dogecoin fan which gatecrashed a discussion on Square’s Lightning Development Kit.

At the event last year, Bitcoin evangelist Max Keiser was seen on stage with MicroStrategy Incorporated (CRYPTO: MSTR) CEO Michael Saylor shouting profanities at Tesla Inc (NASDAQ: TSLA) CEO Elon Musk.

Keiser’s outburst came after Musk had brought up the environmental concerns surrounding Bitcoin in May and suspended vehicle purchases via the apex coin.

The Crash: The Bitcoin 2021 conference began on June 4 last year and Bitcoin closed at $36,894.41 that day. By June 6, when the conference concluded the apex coin traded at $35,862.38. Just a day after that on June 7 it had dropped to 33,560.71.

While between June 4 and June 6, the drop was 2.8%, by June 7, Bitcoin had fallen as much as 9.03%.

This is not an isolated example: Bitcoin 2019 held between June 25 and June 26 also had a similar effect on the apex coin's prices. It traded at $11,790.92 on June 25, but had fallen to $11,182.81 on June 27 after rising to $13,016.23 on June 26. The fall between June 26 and June 27 was a steep 14.1%.

Read Next: Did Gang Violence Force El Salvador President To Call Off Bitcoin Conference Appearance?

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.