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Billy Markus, who developed and launched the original meme cryptocurrency Dogecoin in collaboration with Jackson Palmer in 2013, has taken to the social media platform X (formerly known as Twitter) to share his take on the bloodbath on the crypto and stock markets that was observed just recently.

Sharing a screenshot of possibly the list of the assets he is invested in, Markus (known on X as “Shibetoshi Nakamoto”) made a comment on what is happening, triggering a wide response from his army of followers.

DOGE founder's crypto and S&P 500 tweet

Billy Markus has shared a screenshot of an asset list (the part of it showing the largest ones, likely) bleeding in a heavy decline. Those visible on it are S&P 500, Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE).

Between Monday and Tuesday, the world’s primary cryptocurrency Bitcoin lost 5.88%, crashing from $72,370 to the $69,390 level and losing around $2,500 – similar to what Markus’s chart shows.

Ethereum, on his screenshot shows a decline of $135 as it dropped to $3,512 and Dogecoin fell to $0.190. All these cryptos plunged along with a leading S&P 500 index, which suggests that a close correlation between cryptocurrency assets and S&P has currently resumed.

His tweet that the screenshot went with shows a mix of emotions of surprise, irritation and a bit of anger about this picture painted by the red market among.

Under the tweet, many of his followers suggested that the current strong inflation continues to push the markets down heavily. Many showed their puzzlement or comments full of doubts about major cryptocurrencies, endorsing little-known coins with low market capitalization.

Billy Markus suggests ideal Bitcoin price

As reported by U.Today earlier, Markus commented on the Bitcoin decline by suggesting that the flagship cryptocurrency should be turned into a stablecoin. The Dogecoin cofounder also proposed a price that it should be pinned at - $69,420.

While answering a question about why he picked this particular number, Markus stated that this is a meme number and “memes are the most important thing in the universe.”

While Bitcoin is making its surges and pullbacks recently, the cryptocurrency community keeps counting days before the next halving takes place. Now, there are nine days left to that fundamental event.