thecryptobasic.com
Davinci Jeremie, a Bitcoin advocate since 2011, has urged crypto market participants to consider Shiba Inu in their investment portfolio.
Jeremie issued this call in a recent post on X, where a crypto enthusiast sought his view about investing in Shiba Inu for potentially long-term gains. Jeremie responded affirmatively.
Yes. https://t.co/C3Wj5De5Xa
— Davinci Jeremie (@Davincij15) March 31, 2024
Notably, the context of the conversation revolves around his 2013 advocacy for investment in Bitcoin. Bitcoin Magazine initiated the conversation by unearthing a 2013 video in which Jeremie urged the investing public to buy Bitcoin.
In the video, Jeremie implored investors to purchase Bitcoin even with $1. He stressed the need for people to have $1 locked up in Bitcoin, noting that the move would be worth it in years to come.
As of May 9, 2013, when Jeremie made this appeal, Bitcoin’s highest price was $114. Over a decade later, the asset is now trading above $70,000. Accordingly, individuals who followed Jeremie’s advice and invested $1 in Bitcoin in 2013 would have seen their investment grow to $613, provided they held onto the asset until today.
More interestingly, if anyone had decided to invest $1,000 in BTC at the time, they would have gotten 8.77 BTC tokens. These tokens are currently worth $614K at Bitcoin’s trading price around the $70,000 value.
Old Bitcoiner Calls to Buy Shiba Inu
The remarkable success of Jeremie’s investment call has given him the confidence to endorse other tokens he believes have the potential to replicate a similar success. Meanwhile, some crypto community members have challenged his new choices for promotion. Responding to critics, he remarked:
“Back in the day, people hated me for shilling Bitcoin, calling it a scam! Don’t miss it again.”
Back in the day people hated me for shilling #bitcoin and called it a scam!
Don’t miss it again! https://t.co/CkCikfhN8I— Davinci Jeremie (@Davincij15) March 31, 2024
Based on this premise, X user Milad asked the Bitcoin advocate about investing in Shiba Inu. Jeremie responded yes, suggesting SHIB has long-term potential.
Interestingly, this is not Jeremie’s first time directly urging investment in Shiba Inu. He issued a similar call last year when asked which altcoin is worth the acquisition. SHIB was trading at $0.0000079 at the time. As a result, if an investor had committed $10,000 to Shiba Inu then, they would be sitting on $36,708 at SHIB’s current price, marking a profit of $26K+ in five months.
Shiba Inu’s Long-term Potential
Notably, Shiba Inu has already established itself as a worthy long-term investment vehicle. It stands out as perhaps the most successful meme-inspired cryptocurrency project. For instance, SHIB boasts an astonishing 35,349,973% ROI from its September 2020 all-time low, with its current price at $0.00002881.
Emphatically, Shiba Inu has created numerous millionaires and even a few billionaires among its early adopters.
Some early adopters who chose to part ways with the asset prematurely now recount tales of regret, lamenting how they could have amassed substantial fortunes had they recognized its long-term potential.
A recent example involves an African investor who missed out on a $108,000 gain from Shiba Inu because they decided to sell the asset when their portfolio reached only $500.