Elon Musk doesn’t invest in Shiba Inu and leaves signs that he doesn’t like the cryptocurrency. Could this be harmful to SHIB in the future?
The businessman’s revelation took place this Sunday on his Twitter account.
TeslaElon Musks CEO revealed that he only invests in bitcoin, dogecoin and ether in a twitter post this Sunday (24). The statement came with the questioning by a follower about the amount the entrepreneur had of Shiba Inu. When answering, Musk was adamant: “None”.
In another tweet, he added that he only invests in three types of cryptocurrencies: bitcoin, dogecoin and ether. “Like I said before, don’t bet the farm on cryptography! The real value is building products and providing services to other human beings, not money in any form,” Musk said.
According to the North American website Business Insider, the Shiba Inu was launched in August 2020 and reached the highest record of U$ 0.00004450 on the last 24th of October. In just 14 months, the cryptocurrency acquired a value of US$ 15 billion, making it the 13th largest crypto currency in market value.
However, this Monday, Shina Inu suffered a drop of 1.7% in its price. According to Business Insider, the reason could be associated with Musk’s comment.
But the theory that has been circulating is that in addition to not investing in #SHIB, Elon Musk would have a different idea about the currency, making him dislike it. This is part of the fact that he is clearly not a big fan of it, therefore the very one who always loved this shitcoin market.
- Elon Musk
- The Future