TL;DR
- Volatility Debate: Dogecoin’s Billy Markus challenged Michael Saylor’s claim that Bitcoin’s recent volatility is “Satoshi’s gift,” criticizing the idea as markets lost $2.55B.
- Sarcastic Rebuttal: Markus mocked Saylor’s optimism, calling the market “shitty” and “annoying,” while reiterating his long‑held skepticism toward crypto trading and investor behavior.
- Strategy’s Buying Spree: Despite market declines, Strategy purchased 855 BTC for $75.3M after buying 2,932 BTC in late January, bringing its holdings to 713,502 BTC valued at $54.3B.
Billy Markus, the co‑founder of Dogecoin, has pushed back against Michael Saylor’s latest commentary on Bitcoin’s sharp price swings, injecting sarcasm into a debate that has resurfaced as crypto markets shed $2.55B. The exchange underscores the widening divide between Bitcoin maximalists who frame volatility as opportunity and skeptics who view the turbulence as a warning sign.
satoshi is rewarding believers with a shitty annoying market
this is a good post https://t.co/ZvibRSK9BV
— Shibetoshi Nakamoto (@BillyM2k) February 3, 2026
Saylor’s Volatility Comment Sparks Pushback
Saylor, executive chairman of Strategy, described Bitcoin’s recent turbulence as “Satoshi’s gift to the faithful” in a February 3 post. His remark arrived as Bitcoin fell more than 18 percent, sliding from $90,000 to an intraday low of $73,000 between January 28 and February 3. Although the asset has since recovered slightly to around $76,000, the downturn fueled renewed debate over whether volatility should be celebrated or feared. At the time of writing, Dogecoin (DOGE) trades at around $0.10, dropping nearly 2%.
Markus, known online as Shibetoshi Nakamoto, dismissed Saylor’s framing with a pointedly sarcastic reply. He wrote that “Satoshi is rewarding believers with a shitty, annoying market,” mocking the idea that recent losses could be interpreted as a positive development. Markus has long maintained a skeptical view of crypto trading, previously likening trading behavior to mental illness and frequently criticizing market hype cycles.
A Broader Skepticism Toward 2026 Market Conditions
The Dogecoin creator’s pessimism extends into 2026. In a recent post, he suggested that this year may push investors to find “new hobbies,” pairing the comment with a declining Bitcoin chart to emphasize his bearish stance. Despite having built Dogecoin on Bitcoin’s code in 2013 with Jackson Palmer, Markus has never aligned with Saylor’s unwavering enthusiasm for crypto markets or long‑term accumulation strategies.
While critics highlight market instability, Saylor’s company continues to expand its Bitcoin holdings. Strategy disclosed on February 2 that it acquired 855 BTC for roughly $75.3 million during the recent dip. This followed a late‑January purchase of 2,932 BTC for $264.1 million. The firm now holds 713,502 BTC valued at about $54.3 billion, reinforcing its position as the largest corporate Bitcoin treasury and signaling Saylor’s belief that downturns represent buying opportunities rather than red flags.
