Davinci Jeremie, an early Bitcoin adopter who famously recommended buying BTC in 2013, now believes Shiba Inu (SHIB) has strong long-term potential. This sentiment was expressed in a recent social media post responding to a user’s query regarding the meme coin.
— Davinci Jeremie (@Davincij15) March 31, 2024
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Bitcoin Success Story Fuels SHIB Endorsement
Jeremie’s confidence in recommending new investments stems from the massive success of his 2013 Bitcoin endorsement. In a video unearthed by Bitcoin Magazine, he urged viewers to purchase at least $1 worth of Bitcoin. At the time, BTC was trading at around $114. Now, over a decade later, it trades above $70,000 – a gain any early investor would be thrilled with.
Providing additional proof of his financial foresight, the Times Tabloid last year reported Jeremie recommending the purchase of Shiba Inu at $0.0000079. Following his endorsement at the time, an investment of $10,000 in SHIB would today be worth over $36,000. Data from CoinMarketCap shows that SHIB currently trades at $0.00002851.
Challenges and Shiba Inu’s Potential
Jeremie acknowledges that some in the crypto community criticize his token recommendations. In response, he simply states, “Don’t miss it again,” echoing the negative sentiment he faced when pushing for Bitcoin in its early days.
Shiba Inu now has an impressive track record within the crypto community despite facing its share of challenges. With a remarkable ROI since its all-time low in 2020, SHIB has created numerous millionaires. This success sometimes leaves early adopters who sold prematurely wishing they had held on for greater potential gains.
An example of Shiba Inu’s wealth-generating capabilities can be seen in a recent Times Tabloid report. The report covers an investor from Africa, who sold his SHIB holding when his portfolio reached $500 only to miss out on a $108,000 profit. Stories like this highlight the potential of early investment and a strong commitment to an asset like SHIB.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
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Understanding the Risks
While Jeremie’s track record lends credibility to his recommendations, it’s crucial to remember that all cryptocurrencies carry a degree of risk. The crypto market is known for its volatility, and prices can fluctuate significantly. Before investing in any digital asset, including Shiba Inu (SHIB), be sure to conduct thorough research, understand the project’s fundamentals, and fully consider your risk tolerance.
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