DaVinci Jeremy, a Bitcoin supporter since 2011, urged crypto market participants to consider Shiba Inu in their investment portfolios.
Jeremy made this call in a recent post about X. There, he asked crypto enthusiasts for their opinions on investing in Shiba Inu for long-term profits. jeremy answered in the affirmative.
— Davinci Jeremy (@Davincij15) March 31, 2024
Notably, the context of the conversation revolves around his 2013 advocacy for investing in Bitcoin.bitcoin magazine started We uncovered this conversation by unearthing a 2013 video in which Jeremy encouraged retail investors to buy Bitcoin.
In the video, Jeremy implored investors to buy even $1 of Bitcoin. He emphasized the need for people to store $1 in Bitcoin, noting that this move will be valuable in the years to come.
On May 9, 2013, when Jeremy filed this complaint, Bitcoin’s peak price was $114. More than a decade later, the asset is currently trading for more than $70,000. Therefore, an individual who followed Jeremy’s advice and invested $1 in Bitcoin in 2013 would have grown their investment to $613 if they held onto it until today.
What’s even more interesting is that if someone had decided to invest $1,000 in BTC at the time, they would have acquired 8.77 BTC tokens. These tokens are currently worth $614,000 at around Bitcoin’s trading price of $70,000.
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Old Bitcoiner asks to buy Shiba Inu
The remarkable success of Jeremy’s investment efforts has given him the confidence to back other tokens that he believes have the potential to replicate similar success. Meanwhile, some members of the crypto community have taken issue with his new selection for promotion. In response to his critics, he said:
“In the old days, people hated me for shilling Bitcoin, saying it was a scam. Don’t miss it again.”
People used to hate me for a shilling #bitcoin And called it a scam!
Don’t miss it again! https://t.co/CkCikfhN8I— Davinci Jeremy (@Davincij15) March 31, 2024
Based on this premise, X user Milad asked a Bitcoin advocate about investing in Shiba Inu. Jeremy said yes, suggesting that SHIB has long-term potential.
Interestingly, this isn’t the first time Jeremy has directly encouraged investment in Shiba Inu.he issued I received a similar call last year asking which altcoins were worth acquiring. At the time, SHIB was trading at $0.0000079. As a result, if an investor had committed his $10,000 to Shiba Inu at the time, at SHIB’s current price he would only have $36,708, and in five months he would have marked a profit of more than $26,000. Masu.
Long-term potential of the Shiba Inu
In particular, the Shiba Inu has already established itself as an animal worthy of a long-term investment. This stands out as perhaps the most successful meme-inspired cryptocurrency project. For example, SHIB boasts an impressive ROI of 35,349,973% from its all-time low in September 2020, and its current price is $0.00002881.
I would like to emphasize that Shiba Inu dogs have produced many millionaires and even several millionaires Among the early adopters.
Some early adopters chose to exit their assets early. Now I’m talking about regretshe laments how much wealth he could have amassed had he realized the long-term potential.
A recent example is an African investor. You missed out on $108,000 in profit. Because you decided to sell your assets when your portfolio reached just $500.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. We encourage our readers to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
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