Oscar Ramos, a prominent crypto ambassador, envisages Shiba Inu eliminating three leading zeros to trade in the $0.02 range with the trillion-dollar caps of gold and Bitcoin.
In a recent analysis, Ramos examined how Shiba Inu could witness an over 1,600-told price surge and trade only with one leading zero. The analysis was inspired by a recent commentary from renowned Bitcoin bull Michael Saylor, who forecasted $13 million per coin for BTC.
Saylor made this audacious prediction during his presentation at the just-concluded 2024 Bitcoin Conference. Specifically, the MicroStrategy chairman told the world that Bitcoin would be trading at a price of $13 million by 2045, two decades away.
Notably, at this price, Bitcoin would wield a market cap more than nine times the combined valuations of Gold ($16 trillion), Apple ($3.34 trillion), Microsoft ($3.16 trillion), NVIDIA ($2.78 trillion), and Google ($2.05 trillion).
In particular, Bitcoin would have a fully diluted cap of $273 trillion at $13 million per coin. Interestingly, this price point is even Saylor’s average outlook for the premier crypto for the next twenty years.
Saylor noted that in a bear case, Bitcoin will only be worth $3 million by 2045. Meanwhile, he expects an astonishing $40 million per coin in a bull case.
What Does It Mean for Shiba Inu?
Considering the enormous wealth that would be in the crypto industry by then, Ramos sees Shiba Inu in a more favorable light. While expecting many existing meme coins to have faded by the next two decades, Ramos envisions Shiba Inu standing strong amid the team’s development efforts.
He stressed that SHIB has an ecosystem and a robust profile that guarantee its existence for the next two decades when the $273 trillion Bitcoin market will materialize.
Shiba Inu Trading at $0.002 with $1.3T Cap
Regarding Shiba Inu’s potential value, Ramos envisions two scenarios. The first is that SHIB will attain Bitcoin’s market cap by 2045. Notably, Bitcoin currently commands a market cap of over $1.37 trillion.
A $1.37 trillion cap for Shiba Inu will correspond to a market value of $0.0023, assuming its circulating supply remains unchanged. This value marks a substantial 13,418% increase from SHIB’s current price of $0.00001724.
SHIB Price with Gold Cap
In the second scenario, Ramos speculated that Shiba Inu would attain the current gold cap of $16 trillion. This hypothetical cap eliminates three leading zeros from Shiba Inu’s value, putting it at $0.0271.
Remarkably, Shiba Inu would have advanced by 157,400%, reflecting a massive return on investment of 1,600X.
SHIBA INU COIN $0.02 Price GOLD MCap Study, thanks @saylor
Here’s a crazy prediction but hopeful $SHIB future. HAIL #Shib pic.twitter.com/7SJ5D6MWl5
— Oscar Ramos (@realOscarRamos1) July 29, 2024
Interestingly, Ramos’ projection of $0.02 for SHIB by 2045 is consistent with the forecasts of industry experts at the Changelly crypto exchange and Telegaon.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
