As a seasoned researcher with over two decades of experience in the financial markets, I find the bullish predictions for Shiba Inu and Bitcoin intriguing. While I have seen my fair share of market predictions that didn’t pan out, these forecasts are certainly ambitious, to say the least.
A cryptocurrency expert has shared a fresh estimate for the value of Shiba Inu (SHIB), the second-largest meme coin by market capitalization. The analyst emphasized Shiba Inu’s impressive growth prospects, but attached a crucial requirement to his optimistic prediction: if Bitcoin attains a price of $3 million per unit, Shiba Inu could potentially surge towards a market cap in the trillions.
Ambitious Price Target Set For Shiba Inu
On July 29th, Oscar Ramos, a well-known crypto analyst, posted a video on what was previously known as Twitter, expressing his optimistic views about Shiba Inu to his 54,000 followers. Highlighting the coin’s vibrant community and impressive market activity, Ramos speculates that it might be possible for Shiba Inu, the popular meme currency, to shed some zeros and reach a value of $0.02 in the future.
The analyst built his projection using the prediction about Bitcoin made by MicroStrategy’s co-founder and ex-CEO, Michael Saylor. At the Bitcoin conference held on July 27, Saylor presented his 2045 outlook, suggesting that under a conservative estimate, Bitcoin might reach as much as $3 million per coin.
Based on Saylor’s impressive Bitcoin price forecast, Ramos indicated that Shiba Inu might also profit from this predicted bullish market trend. Furthermore, this analyst shared his insight that by 2045, Shiba Inu could be one of the few significant meme tokens, outshining other meme-inspired cryptocurrencies in the industry.
In his recent post, Ramos outlined two possible situations demonstrating that Shiba Inu might reach $0.02 by 2045. The first scenario suggests that Shiba Inu could match Bitcoin’s current market cap of over $1.37 trillion, which would significantly increase its price to approximately $0.0023 per token, representing a staggering growth of around 13,647.8%. Currently, the market cap of Shiba Inu stands at $9.3 billion.
In the following situation, Ramos pointed out that if Shiba Inu’s market capitalization were to match the current value of the gold market cap, which is approximately $16 trillion, its coin price might soar as high as $0.0271. This could result in a remarkable 1,600 times Return On Investment (ROI).
Recognizing that reaching a $0.02 price point for Shiba Inu wasn’t guaranteed, Ramos advised investors to stay patient, emphasizing his belief in the digital coin’s long-term prospects and growth potential. Furthermore, he suggested that achieving a $1 value for Shiba Inu was extremely improbable currently, but a rise to $0.02 seemed more feasible if favorable conditions materialize.
Insights On Saylor’s 2045 Bitcoin Price Projection
At the Bitcoin convention, Saylor disclosed three high-reaching projections for Bitcoin’s value, shedding light on pessimistic, moderate, and optimistic perspectives regarding the cryptocurrency’s potential price by 2045.
In simpler terms, the co-founder of MicroStrategy predicted that under pessimistic conditions (bear case), the value of one Bitcoin could skyrocket to a staggering $3 million due to a massive increase in its total market value to a mind-boggling $68 trillion. On the other hand, he suggested that if Bitcoin follows a more likely trend (base case), its market capitalization could still reach an incredible $280 trillion, leading to each coin being worth $13 million.
In my exploration as a researcher, I’ve encountered Saylor’s optimistic outlook, where he envisions Bitcoin’s market capitalization exceeding a staggering $1 quadrillion. Remarkably, within this scenario, the value of a single Bitcoin could theoretically soar to an astounding $49 million.
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2024-08-02 03:42