Cryptocurrency

Shiba Inu Investor Reveals the Strategy He Used to Amass $5 Billion in SHIB Profit

A yet-to-be-identified Shiba Inu investor and crypto enthusiast has recently revealed how he was able to scoop in about $5.7 billion in SHIB in a telephone interview with a closely followed YouTuber, Bad Anthony.

Notably, this investor picked interest in Shiba Inu during its early days, investing about $8,000, which eventually resulted in a remarkable billion-dollar profit.

Read Also: Shiba Inu Team Insight: 12 Factors To Consider Before Investing in Any Shibarium Project

In the interview with Anthony, the SHIB billionaire was benevolent enough to share the strategy that helped him cart so much in profits from an $8,000 investment in August 2020, which became over $5 billion 400 days later, representing an increase of 71,249,900%.

The SHIB Billionaire Shares His Success Story And Useful Tips

Recounting his early days in the crypto space, the anonymous crypto enthusiast stated that he had been an active crypto user since 2011, adding that he had also made considerable gains from crypto projects in the past aside from the huge one he made from SHIB tokens. 

He noted that Shiba Inu was introduced to him by his colleagues in the crypto community, remarking that the coin was recommended to him as a stern Dogecoin (DOGE) competitor. He confirmed that he did not consider allocating funds to DOGE, as he was solely focused on SHIB.

About the $8,000 investment capital, the SHIB billionaire noted that it was an accumulation of different investments that summed up to the $8,000. 

He confirmed that the accumulated capital suffered a devastating hit shortly after the investment reached $8,000. However, it never made him lose confidence as he kept faith in Shiba Inu.

Read Also: Shibarium’s Ability To Ignite Shiba Inu (SHIB) Price Surge To $0.0001 Or $0.001

Aside from the initial hit his investment capital received, the anonymous crypto enthusiast noted that the Shiba Inu community Telegram group dissolution incited fear among him and his peers, leading to most of them selling off almost all their SHIB holdings. 

However, he managed to maintain faith in the project, noting that the crypto community played a significant role in ensuring that he never lost confidence in SHIB. 

The SHIB billionaire remarked, “There were so many different projects that I jumped into taking chances on, and most of them did well. It’s all about being willing to take the chance and willing to stick it. Because in this game, early investors and long-term holders always make the money.”

Shiba Inu attained an all-time high on October 28, 2021. The digital asset achieved a price high of $0.00008616, earning the SHIB billionaire investor the privilege of being tagged the most extraordinary individual in history, following the massive profits he made off Shiba Inu after the rally in October 2021.


Follow us on Twitter, Facebook, Telegram, and Google News

Chinedu Agbakwusi

Chinedu Agbakwusi is a medical student at the prestigious Nnamdi Azikiwe University with sound knowledge of the crypto space. I am here to be a reliable plug for well-researched crypto content ranging from crypto news to market analyses and blockchain inventions.

Recent Posts

Shiba Inu Price Prediction: SHIB Investors Nursing Losses Migrate To Blossoming Ethereum Token For 20,000x Gains

In recent months, the crypto space has been buzzing with bullish Shiba Inu price predictions,…

3 hours ago

5 Profitable Cryptos to Watch for Big Rewards This Year

The blockchain landscape has evolved tremendously over the past few years, with many projects seeking…

7 hours ago

Beyond the Basics: Plus Wallet’s Revolutionary Approach to Storing Bitcoin, Ethereum, Binance And More Crypto Storage

In the expanding universe of cryptocurrency, the tools that enhance ease of use and security…

10 hours ago

Why Wait? Access New Tokens in 15 Minutes with Plus Wallet—Here’s How!

As we navigate through 2024, the array of crypto wallets expands, but Plus Wallet has…

11 hours ago

Top Exchange Sparks Discussion On “XRP Unleashed” Documentary

In a recent tweet, Bitrue, one of the leading cryptocurrency exchanges, sparked a discussion regarding…

11 hours ago

Qubetics in the Spotlight: The Documentary That Could Redefine the Future of Blockchain

On October 21, a documentary featuring some of the most influential names in the crypto…

14 hours ago