Cardano Founder Says He’ll Sell A Blackhawk, Lambos, Mothball His Jet Bitcoinist.com
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Bitcoin’s price saw a wild swing last week, briefly rising above $111,800 on May 23 before dropping to $109,600 today. Despite the sudden dip, the world’s largest cryptocurrency ended the week near $110,000, trading at $109,770 at last check. While short-term volatility continues to rattle some nerves, a growing number of investors and analysts are focusing on Bitcoin’s bigger picture.
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Frustration And Patience Seem To Go Hand In Hand
Thomas Fahrer, co-founder of Apollo, has been vocal about the emotional side of owning Bitcoin. According to him, holding Bitcoin is often frustrating—about 90% of the time, he said. But he believes it pays off for those who stick around. Fahrer shared a price chart stretching from 2011 to a projection for 2031, using a curved trendline on a logarithmic scale to show Bitcoin’s consistent upward pattern over time.
Several moments stood out on the chart. In 2015, Bitcoin crashed to around $212. In 2020, it found support near $5,000. And in 2022, after reaching a peak above $67,000 the year before, it fell to around $16,000. But through all the noise, Fahrer says Bitcoin has followed its long-term curve.
Holding Bitcoin means getting rich while feeling frustrated 90% of the time.
Deflationary money – designed to increase in value – forever.
It’s difficult for the human mind to comprehend. Most still don’t get it. pic.twitter.com/d604FyoQn3
— Thomas Fahrer (@thomas_fahrer) May 25, 2025
A Deflationary Design That’s Hard To Grasp
Fahrer also pointed to Bitcoin’s design as a deflationary currency. Unlike the US dollar, which loses value as more of it enters the system, Bitcoin has a hard cap—only 21 million coins will ever exist. Every four years, the number of new coins created is cut in half through a process called halving. That makes it harder for new supply to outpace demand over time.
Fahrer believes that many people still don’t fully understand this. The idea that money can grow in value instead of losing it goes against how most people were raised to think about spending and saving.
Numbers Tell Their Own Story
One Bitcoin investor, using the name Carl Menger, shared a comparison that got attention. According to his data, if someone held $100 in cash from 2020 to 2025, its buying power would shrink to just $76. But that same $100 put into Bitcoin would grow to $1,201 over the same stretch of time.
It’s a sharp contrast. While inflation chips away at fiat savings, Bitcoin, with its fixed supply, shows the opposite effect when prices go up. That’s the kind of visual that sticks.
Once you see it, you can’t unsee it. #Bitcoin pic.twitter.com/4OBqOLgm3n
— Carl ₿ MENGER
(@CarlBMenger) May 24, 2025
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You Don’t Need A Whole Coin
Robert Kiyosaki, the author known for “Rich Dad Poor Dad,” also joined the conversation. He said people often think they need to buy a whole Bitcoin to benefit, but that’s not true. Even owning 0.01 BTC, he said, could have a major impact down the line if Bitcoin continues to perform as it has in the past.
Kiyosaki also mentioned that Bitcoin has made it easier to build wealth without relying on things like gold. It’s a view that matches the mindset of many younger investors who are looking for alternatives.
While the market remains unpredictable day to day, the long-term message coming from these voices is clear: Bitcoin may test your patience, but it hasn’t broken its trend yet.
Featured image from Gemini Imagen, chart from TradingView
$5 ADA Rocket Envisioned as Former Cardano Critic Says Network is “Fast as Hell” ZyCrypto
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These are the top bets for Trump’s inauguration – including if he’ll say ‘McDonald’s’ The Independent
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Cardano (ADA) co-founder Charles Hoskinson says he’s willing to bet on an upcoming security feature for the new Lace wallet.
Lace, built by Cardano developer Input Output Hong Kong (IOHK), is a lightweight multi-chain crypto wallet that aims to seamlessly connect everything in Web2 and Web3 to a single interface.
Hoskinson says in a new YouTube update that it’s “extraordinary” to him what happened with the recent hack on the password management firm LastPass.
LastPass noted in an update last week that an unauthorized entity gained access to a third-party cloud-based storage service that the company uses to store archived backups of its production data.
The hacker obtained “basic customer account information and related metadata including company names, end-user names, billing addresses, email addresses, telephone numbers, and the IP addresses from which customers were accessing the LastPass service,” according to LastPass CEO Karim Toubba.
Hoskinson calls it a “screw up” on LastPass’s part and says it’s “pretty dirty what happened.”
The Cardano co-creator says “it’s a shame” that Pretty Good Privacy (PGP), an encryption program, isn’t a standard.
Says Hoskinson,
“When… Lace wallet starts supporting PGP encryption of paper wallets, I’m going to take some ADA – probably a million dollars worth of it – put it into a paper wallet encrypted with PGP and publicly post it on my Twitter so you guys can try to break it. I’m very confident in those standards. Master passwords, even if they’re quite long, it’s just a dead standard, and it shouldn’t be done anymore.”
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Featured Image: Shutterstock/ValDan22
- Elon Musk said he would keep supporting Dogecoin, sending its price up by nearly 10%.
- Like many cryptocurrencies the coin has lost most of its value this year following a huge selloff.
- Bitcoin and Ethereum remained volatile after big losses on Saturday.
Dogecoin jumped nearly 10% off near-record lows on Sunday after Elon Musk said he would continue to buy the cryptocurrency.
The coin rose about 8.5% in the space of 24 hours after Musk tweeted: “I will keep supporting Dogecoin.”
In response to another user telling Musk to “keep buying it then,” he replied: “I am.”
Musk’s tweets caused the cryptocurrency to spike nearly 10% in the space of an hour to $0.056, helping to compensate for heavy declines over the past month.
—Elon Musk (@elonmusk) June 19, 2022
It has aligned with a rebound in other cryptocurrencies as they struggle following significant losses.
After a record 12-day losing streak, Bitcoin was trading at about $18,300 on Sunday after sliding under $20,000 on Saturday, according to CoinDesk. It had been as low as $17,600.
Ethereum fell as low as $880 before rising to trade at about $965, according to CoinDesk.
The rises represent a fraction of the losses given up by cryptos this year, with Bitcoin down 70% and Ethereum down about three quarters this year. Dogecoin is down by two thirds.
Dogecoin was started by its creators as a joke, but has gained fans since Musk began to champion the coin in 2019.
The makers of Dogecoin told Decrypt last year they were working with Musk to make the coin a cheaper, greener alternative to bitcoin.
Its price has never recovered from a Saturday Night Live appearance in May 2021 where Musk jokingly labelled the coin a “hustle,” sending it from record highs of $0.72 to $0.33 in a week. The currency also rallied after news first broke of Musk’s plan to buy Twitter in a $44 billion deal.
Musk was this week sued for nearly $260 billion by a Dogecoin investor for allegedly running a “pyramid scheme”, by pretending the coin has any sort of value to drive up its price.
Elon Musk’s sway over the price of dogecoin continues following a Tuesday tweet from the world’s richest person.
Musk tweeted Tuesday morning that McDonald’s should accept the meme-crypto token as a form of payment, and if they did he would eat a happy meal on TV.
“I will eat a happy meal on tv if @McDonalds accepts Dogecoin,” Musk tweeted. Right after the tweet, the price of dogecoin surged as much as 8% to $0.1445, according to data from CoinMarketCap.
The 10th most valuable cryptocurrency, worth about $18.5 billion, has since pared some of its gains.
Musk’s Tesla accepts dogecoin as a form of payment for some of its merchandise, and temporarily accepted bitcoin as a form of payment for its vehicles last year.
Musk’s tweet comes a day after McDonald’s started to interact with the crypto community via Twitter. The fast-food giant tweeted “how are you doing people who run crypto twitter accounts” amid a sharp sell-off in the crypto market on Monday.
Flipping burgers at McDonald’s is an often-said joke among the crypto community during periods of downside volatility. Over the weekend, El Salvador president Nayib Bukele tweeted a photoshopped picture of him wearing a McDonald’s uniform as bitcoin plummeted below $40,000.
In response to a meme tweeted by Binance on Monday, McDonald’s responded, “wagmi friend,” short for we are gonna make it.
Read the original article on Business Insider
Elon Musk tweeted on Tuesday that he would eat a Happy Meal if McDonald’s begins accepting Dogecoin as a form of payment.
Dogecoin’s value shot up about 6.5% as of Tuesday afternoon, starting at $0.127 when the market opened and reaching a high of $0.141, according to the Nasdaq.
Musk has been a longtime champion of the cryptocurrency, tweeting, “Dogecoin is the people’s crypto,” last February. Dogecoin started as a spoof coin featuring the face of a Shiba Inu and has steadily risen in value, reaching over ten cents in April of 2021.
Dogecoin was inspired by the popular Doge meme of a Shiba Inu staring sideways at the camera with raised eyebrows, according to the website Know Your Meme.
Dogecoin’s value goes up: The price of Dogecoin, created to poke fun at cryptocurrency, is above 10 cents
When asked why he supports Dogecoin, Musk responded on Twitter: “Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge. They aren’t financial experts or Silicon Valley technologists. That’s why I decided to support Doge – it felt like the people’s crypto.”
While McDonald’s did not respond to the tweet, competitors like Burger King and Jack-in-the-Box touted their brands in the comments section.
Musk himself owns Dogecoin, along with other cryptocurrencies like Bitcoin and Ethereum, according to a tweet he posted in October 2021.
Despite his tweets on cryptocurrency, Musk encouraged building value over investing heavily in cryptocurrencies, saying in an October 2021 tweet, “True value is building products & providing services to your fellow human beings, not money in any form.”
Michelle Shen is a Money & Tech Digital Reporter for USA TODAY. You can reach her @michelle_shen10 on Twitter.
Cofounder of Dogecoin Billy Markus has revealed how much Doge he holds and stated that he will never go back to working on this project, here’s why
Billy Markus, who cofounded Dogecoin back in 2013 but is no longer on this project, has unveiled how much of the most popular meme cryptocurrency he holds in his wallet. When asked if he plans to go back to coding DOGE, he stated that he would never do it again, sharing his reasons.
Here’s how much Doge Markus holds
In a recent tweet, Markus reminded Dogecoin fans that he is a regular DOGE community member as he is no longer on the project. However, he still holds 220,000 Dogecoins.
Referring to a wide range of topics he tweets about, Markus stated yet again that since he does not owe anything to anyone in the crypto community, he is free to pick any topic for his tweets. However, he stressed that he will keep encouraging those who are improving the crypto space and discouraging those who are not, in his view.
Yet another reminder:
I don’t speak for dogecoin.
I am not on the project. I am a community member. I hold about 220k doge.
I will defend those who I feel are actively making the space better. I will discourage those who I feel aren’t.
I will talk about whatever I want.
— Shibetoshi Nakamoto (@BillyM2k) December 27, 2021
Why Markus will not return as a Dogecoin leader
Answering a tweet from a follower, Billy Markus emphasized that he will never return to coding Dogecoin again (read: “I will not be its official leader”). The reason for that is that the more he does for people in the community, the worse they treat him.
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i never will. working on a crypto project is terrible as i have actually found the more you do for people, the more entitled they get and worse they treat you.
i respect the developers a lot for volunteering to do so for all these years.
— Shibetoshi Nakamoto (@BillyM2k) December 27, 2021
Markus explains his attitude toward Doge via “Rick and Morty”
In a separate tweet today, the cofounder of the joke cryptocurrency, which was initially a parody on Bitcoin inspired by the Shiba Inu dog breed, posted an extract from a popular “Rick and Morty” animated movie.
In it, the characters are discussing a set of collectibles, and one of them explains why the other bought them. It is not because of their current value or because they may increase in value (they may fail to do so, after all). The only thing that matters here is “you bought it cuz you like it.” That seems to explain the vision of the “true Doge community” regarding this meme cryptocurrency.
This year, Dogecoin turned eight years old. It has been up a whopping 6,943% since 2021 began but, at the moment, it is down 76.1% from its all-time high of $0.7376 reached on May 8.
One of the major events this year was that centibillionaire Elon Musk announced that the Tesla giant will launch some merch that will be sold for Dogecoin as an experiment. He did not specify, however, when these sales will begin.