Should you buy SHIB now? This Bitcoin supporter thinks so
Davinci Jeremie, an early Bitcoin adopter who uses the X handle, appears to be bullish on other cryptocurrencies as well. Recently, he argued that the popular meme coin – Shiba Inu (SHIB) – is an asset that investors should have in their portfolios.
This isn’t the first time he’s followed the self-proclaimed Dogecoin killer. Last October, he stated that SHIB was one of the altcoins worth buying at the time.
Davinci Jeremie is a well-known figure in the cryptocurrency community and often extols the virtues of Bitcoin (BTC). More than a decade ago, he urged people to invest just $1 in major digital assets:
“For just one dollar, buy some Bitcoin. Throw it away and it’ll do nothing; who cares, right? You only spent one dollar. One dollar will buy you 1 million satoshis, and in my opinion, once BTC At the level expected, this will be worth $1 million."
Since then, Bitcoin’s value has experienced astronomical surges, making Jeremy’s advice extremely useful.
Meanwhile, SHIB’s price is in the green in the monthly range, with some analysts predicting a new peak in the near future.
The asset’s burn mechanism surged 2,300% in March, and the development of layer 2 scaling solution Shibarium could push the meme coin’s price higher.
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