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Shiba Inu (SHIB) rocked the crypto world within months of its launch. The asset’s price skyrocketed by many million percent, hitting an all-time high of $0.00008616 in October 2021. Early investors made millions of dollars in profit with minimal investments. People with regular jobs could retire and live their dreams thanks to SHIB’s incredible performance. Shiba Inu soon gained the moniker of “millionaire-maker.” However, the popular dog-themed crypto has lost significant steam over the last few years. Let’s discuss if SHIB has lost its “millionaire-maker” status. Can Shiba Inu Still Make You a Millionaire? Source: Pixabay One of the primary reasons for SHIB’s incredible rally in 2021 was Vitalik Buterin’s token burn. The burn was highly talked about and almost every SHIB investor knows about it. Buterin burned about 410 trillion tokens from the asset’s circulation after receiving half the supply. However, there are still abou...

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Venture capitalist Chris Burniske says crypto investors with long-term conviction should be chomping at the bit for entries into the market amid the correction. Burniske, a former analyst at Cathie Wood’s ARK Invest and current partner at Placeholder, says that Bitcoin (BTC) has likely already printed its lows for the bull run, and given that “quality alts” are down significantly, opportunities for the crypto bulls are abound. “Loving where the market is right now. BTC is making PTSD (post-traumatic stress disorder) people fear a precipice when it’s already filled the liquidation wick and fell as far as ~15% from its recent highs. Quality alts are holding or putting in higher lows on a number of important timeframes. Funding rate and sentiment reveal the blood has drained out of late-blooming bulls’ faces. Santa gave relief for a day but didn’t deliver in full. That said, given all the bullish developments of Q4 that are ...

Shiba Inu (SHIB) is one of the most successful cryptocurrency projects. The asset experienced a massive price spike just a year after its launch. SHIB’s price grew by many million percent during the 2021 bull run. Early investors made millions of dollars in profit, solidifying SHIB’s reputation as a “millionaire-maker.” Also Read: Trump’s Crypto Talks: Bright Future Ahead for the Market? SHIB investors who got a whiff of the project in its early days are still reaping profits from the dog-themed cryptocurrency. According to LookOnChain, a SHIB whale sold 100 billion tokens on Nov. 12, 2024, for $2.85 million. The whale purchased 15.28 trillion SHIB tokens on Aug. 6, 2020, for about $3,800. The whale currently holds 2.5 trillion tokens worth around $75.2 million. LookOnChain highlights that the whale has made a total profit of about $123 million. A smart $SHIB whale sold 100B $SHIB($2.85M) for profit 40 minutes ago! The whale spent $3.8K to buy 15.28T $SHIB($1.22B...

Bitcoin price has flipped above $70,000, while Ethereum is above $3,500. This is after news that Hong Kong is likely to approve its first spot Bitcoin and Ethereum ETFs as soon as early next week. Bitbot (BITBOT) is nearing the $2.3 million mark in presale amid investor interest. Bitcoin is trading up, currently green as price hovers above $70,900. The leading Crypto currency’s potential to break out to a new all-time high has received a new boost as report s emerge Hong Kong is set to approve its first spot Bitcoin ETFs. BTC’s upside flip is likely to push other altcoins higher, and one of the new tokens attracting the most attention is Bitbot (BITBOT). Is Bitcoin (BTC) set to explode next week? There are report s that Hong Kong could approve the first spot Bitcoin and Ethereum ETFs in the region as early as Monday. A Bloomberg report on Friday quotes sources as saying that the Securities and Futures Commission (SFC) is set to give it nod, ju...

With the constant fears of inflation and potential recessions that could significantly influence the job market, production, and large companies’ performance, it is not unusual for investors to look for alternative savings methods, like Bitcoin (BTC). When the times get rough, potential turmoil and uncertainty drive investors towards more orthodox commodities investments such as gold and silver, Bitcoin emerges as a modern-day alternative to centralized finance, immune to inflation, and a haven for traders. Federal Reserve Chair Jerome Powell, whose comments on the U.S. economy are thoroughly tracked by the trading community, recently made remarks in his interview with 60 Minutes that may prompt stock traders to turn their attention towards maiden crypto. He said: Cryptocurrency Machine learning algorithm sets Cardano (ADA) price on February 29, 2024 Cryptocurrency 3 cryptocurrencies to turn $100 into $1,000 Cryptocurrency...

Veteran investor Stanley Druckenmiller praised Bitcoin for establishing its own “brand” during an interview with hedge fund manager Paul Tudor Jones. Billionaire investor Stanley Druckenmiller praised Bitcoin (BTC) for establishing a “brand” over last decade and half — admitting while he doesn’t own any Bitcoin, he ought to. The billionaire shared his latest thoughts on Bitcoin in an Oct. 30 interview with hedge fund manager Paul Tudor Jones, where he made comparisons between Bitcoin and gold as a store of value. “I’m 70 years old, I own gold. I was surprised that bitcoin got going, but you know, it’s clear that the young people look at it as a store of value because it’s a lot easier to do stuff with. 17 years, to me, it’s a brand. I like gold because it’s a 5,000-year-old brand.” He added: “So, I like them both. I don’t own any Bitcoin to be frank, but I should.” Stanley Druckenmiller is one of the most successful hedge fund managers on Wall Street and is worth $6,200,000,000. He s...

Florian Rais, CEO of Geneva-based Criptonite Asset Management, isn’t happy with the lack of crypto clarity in the U.S. The U.S. Securities and Exchange Commission’s (SEC) ongoing delay regarding spot Bitcoin ETF applications, and its “misalignment” with the U.S. courts, is a nightmare for invest ors, Rais tells crypto.news. Read on for Rais’ take on how regulatory confusion in the U.S. has ramifications abroad, and whether the current bear market will inspire M&A activity. Why is clarity in the U.S. so important for a cryptocurrency-focused asset manager like Criptonite? Rais : It is not new that the U.S. drives the worldwide financial markets. Across most asset classes, it’s been larger and more active in volume than any other market in the world. Now that cryptocurrency enters its adoption phase by traditional asset firms, we — like others — understand that invest ment flow will only come if U.S. firms are able to invest with confid...

Join Our Telegram channel to stay up to date on breaking news coverage In yet another pathetic display of the absurdities that we have come to expect from this presidency, on Tuesday, Joe Biden presented a startling juxtaposition by claiming that “MAGA House Republicans” favor “tax loopholes that help wealthy crypto investors” but oppose food safety inspections. In support of his proposed budget for fiscal year 2024, which has so far not made much progress due to unified Republican opposition in the U.S. House, Biden posted on Twitter. We don’t have to guess what MAGA House Republicans value. They’re telling us. pic.twitter.com/BM6JGMEFeq — President Biden (@POTUS) May 9, 2023 Although Republicans prefer to reduce “programs critical to seniors, middle-class, and working families” over revising tax laws “to ensure that the wealthy and big corporations pay their fair share,” Biden argues that cutting the budget...

Join Our Telegram channel to stay up to date on breaking news coverage The chairman and CEO of Berkshire Hathaway, Warren Buffet, and the company’s vice chair, Charlie Munger, have said that Bitcoin is rat poison. However, the two also believe that artificial intelligence (AI) is worse. Warren Buffet airs concerns about AI Buffet and Munger are two legends in the financial and business industries. The two attended an annual meeting in Omaha, Nebraska, where they were also joined by other company executives such as Greg Abel and Ajit Jain. The meeting discussed many things, such as finance, geopolitics, and the future of investments. In the meeting, Buffet aired his concerns about the evolution of AI tools. The business leader said that AI tools could become a Damocles’ sword that can cause significant harm to humanity and not cause any benefits. The dangers posed by AI increased significantly of society relied heavily on this new technology evolution. While addres...