As people seek alternative means to retire early, we estimated how Shiba Inu could help investors achieve this goal by 2040.
Many who joined the crypto bandwagon early benefited from successive bull runs that enabled them to retire early.
Employees Retire Early After Shiba Inu’s Parabolic Rally
The Crypto Basic has reported stories of employees quitting their 9-to-5 jobs after making substantial gains from crypto investments.
Most of these stories were associated with Shiba Inu following the token’s remarkable performance in the 2020/2021 market cycle. As previously reported, a truck driver retired early after his $650 investment in Shiba Inu skyrocketed to $1.7 million.
In addition, a warehouse manager also retired from his job, thanks to Shiba Inu’s rally. The warehouse manager generated a profit of approximately $1.5 million within a year of investing $8,000 in Shiba Inu.
These stories motivated many to enter the crypto space, with hopes of also retiring early.
Key Considerations for Early Retirement
To retire early, one must attain financial freedom to cover their needs and wants while setting aside inheritance for loved ones.
However, people’s retirement goals differ based on their lifestyle and geographical location. People residing in high-cost locations and seeking a luxurious lifestyle might set a high retirement target of over $1 million.
In contrast, individuals living in low-cost areas with frugal lifestyles might retire early after making $500,000.
As the search for alternative paths to financial freedom surges, we explored how people can achieve this by investing in SHIB. Specifically, the Crypto Basic estimated the number of SHIB tokens an investor would need to acquire today to retire by 2040, assuming the price rises to $0.001 per token.
It is worth noting that we considered three financial targets for this analysis: $500,000, $1 million, and $5 million.
Amount of SHIB Needed to Retire Early By 2040
Reaching these retirement targets requires investors to hold a certain amount of SHIB. An individual seeking to reach a target of $500,000 by 2040, if the price hits $0.001, must have or purchase approximately 500 million SHIB tokens today.
Those targeting $1 million or $5 million require holdings of 1 billion SHIB or 5 billion SHIB tokens, respectively. The good news is that these tokens can be acquired at discounted prices, given SHIB’s current value.
At the current price of $0.00001276, holdings of 500 million, 1 billion, and 5 billion SHIB tokens cost about $6,380, $12,760, and $63,800, respectively.
The value of these tokens could soar to $500,000, $1 million, or $5 million if SHIB hits an ambitious target of $0.001 by 2040.
Prediction for SHIB’s Rise to $0.001
Meanwhile, clinching the $0.001 target is no easy feat, as it would require SHIB to eliminate two zeros from its price. It also demands a surge of 7,736% from the current value.
Assuming SHIB reaches this milestone and its total supply of 589.5 trillion tokens remains unchanged, its market capitalization would increase to approximately $589.5 billion from its current value of $7.51 billion.
Interestingly, several experts have predicted a surge in Shiba Inu’s value to the $0.001 target. Following Shiba Inu’s breakout in mid-October 2024, veteran market expert Crypto Sheriff set three bullish targets for SHIB, including $0.001.
Besides Crypto Sheriff, other experts, such as LuckSide, have issued a similar projection for SHIB, forecasting that its price will someday soar to the $0.001 mark.
Can SHIB Hit $0.001 Before 2040?
Although this analysis conservatively projects that SHIB might reach the $0.001 target by 2040, some experts believe it may occur sooner.
For instance, Krao predicted that SHIB would rally to $0.001 in the early part of this year, specifically January-February. However, the prediction did not materialize as expected. Changelly experts anticipate the $0.001 target will be reached between 2035 and 2039.
Furthermore, the Telegaon prediction platform estimates that SHIB will rise to the $0.001 mark by 2035, five years earlier.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
