12-22-2021, 11:28 AM
Yes, SHIB can go to a dollar
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/rlxsk8/yes_shib_can_go_to_a_dollar/"> <img src="https://external-preview.redd.it/VOOJ3C40rIOvVt-EKm13VtT4OjVIgFMSHAhhptsK_wc.jpg?width=640&crop=smart&auto=webp&s=094ea23dba810e799617dfe0af83aee96cb20970" alt="Yes, SHIB can go to a dollar" title="Yes, SHIB can go to a dollar" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>It has come to my attention that some people think SHIB coins cannot reach a USD valuation of $1.00, but let me assure you that this is <em>simply not true!</em></p> <p>A recent post explained that, for SHIB to reach $1.00, it would require a market cap of 558 <em>trillion</em> USD, about 500x the market cap of BTC. By comparison, as of 2021 the total wealth on earth is <a href="https://www.forbes.com/sites/oliverwilliams1/2021/06/10/worlds-wealth-hits-half-a-quadrillion-dollars/?sh=2cf9123b309d">431 trillion</a> USD.</p> <p>However, a 558 trillion USD market cap does not require 558 trillion USD worth of purchases. A <a href="https://coinmarketcap.com/alexandria/article/revealed-how-much-money-it-takes-to-move-bitcoins-price-by-1">recent study</a> by Bank of America found that 100 million USD could move BTC's trillion-dollar market cap by 1% - therefore, only 10 billion USD (1% of BTC's current market cap) would be needed to double BTC's market cap.</p> <p>SHIB would only require 15 such doublings to reach a market cap over 500 trillion USD, requiring approximately 10 trillion USD in liquidity to do so. So, all we need is 10 trillion dollars - a perfectly reasonable amount of cash!</p> <p><strong>So the question is, how do we get 10 trillion dollars?</strong></p> <p>No problem, let me introduce you to my friend, <a href="https://www.asterank.com/#152679">1998-KU2</a>. 1998-KU2 is a 4.7km-wide asteroid mainly comprised of <a href="https://www.aanda.org/articles/aa/full_html/2018/03/aa32086-17/aa32086-17.html">nickel, iron, and cobalt</a>. 1998-KU2's component minerals have an estimated value of 80 trillion USD!</p> <p><a href="https://preview.redd.it/yc2xy3tc21781.png?width=741&format=png&auto=webp&s=146247e2624d3e13e52e1ceeadb33e09430f7a0f">Here he is, circled in red.</a></p> <p>However, getting up there and mining those rare minerals won't be cheap - we'll need a rocket, mining equipment, a return vehicle, and some other seriously advanced technology. The estimated cost of all this is 70 trillion USD, leaving us with a healthy 10 trillion USD profit in cold, hard cash!</p> <p>So all we need to do is go down to our local bank, get a small loan of 70 trillion dollars, build our rocket, swing by 1998-KU2, mine some minerals, return to Earth, sell the minerals for 80 trillion USD, repay our loan, place a SHIB buy order for 10 trillion USD, <strong>and sit back and watch SHIB go to $1.00!</strong></p> <p>Who'd have thought that, to go to the moon, you'd need to go to the asteroid belt first?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/arka0415"> /u/arka0415 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rlxsk8/yes_shib_can_go_to_a_dollar/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rlxsk8/yes_shib_can_go_to_a_dollar/">[comments]</a></span> </td></tr></table>Kind Regards R
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/rlxsk8/yes_shib_can_go_to_a_dollar/"> <img src="https://external-preview.redd.it/VOOJ3C40rIOvVt-EKm13VtT4OjVIgFMSHAhhptsK_wc.jpg?width=640&crop=smart&auto=webp&s=094ea23dba810e799617dfe0af83aee96cb20970" alt="Yes, SHIB can go to a dollar" title="Yes, SHIB can go to a dollar" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>It has come to my attention that some people think SHIB coins cannot reach a USD valuation of $1.00, but let me assure you that this is <em>simply not true!</em></p> <p>A recent post explained that, for SHIB to reach $1.00, it would require a market cap of 558 <em>trillion</em> USD, about 500x the market cap of BTC. By comparison, as of 2021 the total wealth on earth is <a href="https://www.forbes.com/sites/oliverwilliams1/2021/06/10/worlds-wealth-hits-half-a-quadrillion-dollars/?sh=2cf9123b309d">431 trillion</a> USD.</p> <p>However, a 558 trillion USD market cap does not require 558 trillion USD worth of purchases. A <a href="https://coinmarketcap.com/alexandria/article/revealed-how-much-money-it-takes-to-move-bitcoins-price-by-1">recent study</a> by Bank of America found that 100 million USD could move BTC's trillion-dollar market cap by 1% - therefore, only 10 billion USD (1% of BTC's current market cap) would be needed to double BTC's market cap.</p> <p>SHIB would only require 15 such doublings to reach a market cap over 500 trillion USD, requiring approximately 10 trillion USD in liquidity to do so. So, all we need is 10 trillion dollars - a perfectly reasonable amount of cash!</p> <p><strong>So the question is, how do we get 10 trillion dollars?</strong></p> <p>No problem, let me introduce you to my friend, <a href="https://www.asterank.com/#152679">1998-KU2</a>. 1998-KU2 is a 4.7km-wide asteroid mainly comprised of <a href="https://www.aanda.org/articles/aa/full_html/2018/03/aa32086-17/aa32086-17.html">nickel, iron, and cobalt</a>. 1998-KU2's component minerals have an estimated value of 80 trillion USD!</p> <p><a href="https://preview.redd.it/yc2xy3tc21781.png?width=741&format=png&auto=webp&s=146247e2624d3e13e52e1ceeadb33e09430f7a0f">Here he is, circled in red.</a></p> <p>However, getting up there and mining those rare minerals won't be cheap - we'll need a rocket, mining equipment, a return vehicle, and some other seriously advanced technology. The estimated cost of all this is 70 trillion USD, leaving us with a healthy 10 trillion USD profit in cold, hard cash!</p> <p>So all we need to do is go down to our local bank, get a small loan of 70 trillion dollars, build our rocket, swing by 1998-KU2, mine some minerals, return to Earth, sell the minerals for 80 trillion USD, repay our loan, place a SHIB buy order for 10 trillion USD, <strong>and sit back and watch SHIB go to $1.00!</strong></p> <p>Who'd have thought that, to go to the moon, you'd need to go to the asteroid belt first?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/arka0415"> /u/arka0415 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rlxsk8/yes_shib_can_go_to_a_dollar/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rlxsk8/yes_shib_can_go_to_a_dollar/">[comments]</a></span> </td></tr></table>Kind Regards R