Billy Markus, Dogecoin co-creator known as Shibetoshi Nakamoto, said on X that Bitcoin has the “best reason to exist,” replying to a user who argued that cryptocurrency can replace a 401(k). His comment came amid a market crash that triggered $1.92 billion in liquidations over 24 hours, including $1.59 billion in longs and $341.26 million in shorts, according to CoinGlass. Bitcoin dropped below $63,000, a three-month low, while Dogecoin touched $0.055, its lowest level since June 2023. Markus said he sells immediately and holds very little, calling the market too random to track. Fidelity, one of the largest U.S. 401(k) providers, already allows Bitcoin in these accounts and announced a 2025 retirement plan letting U.S. adults invest directly in Bitcoin, Ethereum and Litecoin.
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