Why united state government just bought shiba inu coins? Shib token price prediction - The Comprehensive Minds

Why united state government just bought shiba inu coins? Shib token price prediction

  

Why did the United States start to buy a Shiba Inu coin?


United States start to buy a Shiba Inu coin


Recently, Shiba Inu has been listed on coinbase pro. After months of trying to get into the coinbase, now we see this opportunity as Mission Accomplished. Cryptocurrency exchanges are legal in the United States and fall under the regulatory scope of the Bank Secrecy Act, named BSA


The shib coin may enter into a big opportunity that will help the coin reach $0.01. The shib coin is being traded under the well-known resistance level of $0.000007. The coin has a big opportunity to make a lot of millionaires overnight. The recent United State government announcement about buying Shiba Inu may change the game for the coin. 


Cryptocurrency is legal in the United States, Japan, the United Kingdom, and the majority of other developed countries. The legal status of bitcoin and other cryptocurrencies varies dramatically in emerging markets. China severely restricted bitcoin without criminalizing the possession of bitcoins. 


indian govt. on crypto currency

India has prohibited banks from dealing in bitcoin and has left the legal status of cryptocurrencies unclear. In general, it is necessary to investigate the laws governing bitcoin in specific countries. Even in jurisdictions where Shiba Inu is legal, most of the laws that apply to other assets also apply to Shiba Inu and other cryptocurrencies. 


Most people are likely to get into trouble with tax law. Shiba Inu is usually treated as property rather than currency for tax purposes. There are some exceptions, such as El Salvador, which will become the first country to recognize bitcoin as a legal tender in June 2021.

 

No central bank issues endorse or regulate Shiba Inu. It is instead generated by a computer-generated process known as mining. Shiba Inu, in addition to being a cryptocurrency unrelated to any government, is a peer-to-peer payment system due to the fact that it does not exist in physical form. 


As a result, it provides an easy way to conduct cross-border transactions, with no exchange rate fees. The Shiba Inu currency is traded on exchanges, and virtual currency-related ventures and initial coin offerings attract investors from all walks of life. 


While the Shiba Inu coin, appears to be a well-established virtual currency system at first glance, there are no uniform international laws that govern Shiba Inu and other digital currencies. 



Can Shiba Inu become the global payment system?


Shiba Inu is being traded at low levels, while bitcoin is now being traded at $47000, it makes the coin not suitable for purchasing high-value products such as cars, property because you would need to pay trillions of coins to acquire things that you can pay with just 1 bitcoin. 


The supply of Shiba Inu is not helping the coin reach big numbers, but there are big plans to burn lots of tokens until the coin reaches its desired number of $0.01. According to the Shiba Inu developers, the Shiba Inu will become the global payment system. 


Shiba Inu become the global payment system

According to the developer's announcement, they said that All of our efforts are directed toward Shiba token holders and the Shiba token. The infrastructure we build will enable Shiba to be accepted in more locations around the world, provide rewards to our holders and ex Shib holders, and contribute to the ecosystem's growth into a large place where people happily use Shib tokens, products, and services. 


Shib is a global BRAND and a decentralized ecosystem of communities that are only loosely related. When the brand value is maximized, it can be easily translated into dollars. 



Why did the United States Senate candidate buy million Shiba inu coins? 


United States Senate candidate buy million Shiba inu coins

The United States Senate candidate Shannon Bray posted recently on his Twitter account a big purchase of Shiba Inu coin. In his recent Twitter post, he said the following"I have purchased 100 million $shib tokens and will donate the entire wallet to shelter our homeless veterans once the value is at or above $0.01. It may never happen, but what if it does. He also said that it could or not happen, but what if in the future the shib token reaches $0.01? 


This is the first time the United States politician talks about the Shiba Inu coin. There is something really important for the Shiba Inu holders behind this tweet. If you look carefully, this senator purchase is made with the intention to donate the shib token to the homeless people. 


The first big donation on the Shiba Inu was the Vitalik Butterin donation of over 6 billion dollars. This donation represents the first big cryptocurrency donation in the history of digital currency. So, instead of the 100 million coins he purchased, the Shiba Inu is trusted among investors, and this is a big win for everyone who invests in this coin. 


One of the best things that may happen, is to see Shiba Inu get accepted as Legal currency in the united state. So, it will help the coin have more utility according to the Shiba Inu developers team. The Shiba Inu coin is proving to us again that it has utility. 


The dogecoin, compared to Shiba Inu, in a short time did not reach as much exposure as Shiba Inu. So, the coin gets viewed by important people, which is a big sign that something interesting will be seen in the future. There is no doubt that the shib coin will be used globally as a payment method.


shiba inu graph

If you check the Shiba stats, you can see that the high volume is of people who are buying the coin, even if the coin is being traded at low values. Big whales are investing millions of dollars to acquire Shiba inu coin. 



When will Shiba Inu reach $0.01? 


Shiba Inu reach $0.01

If you remember, there is an investor who bought Shiba Inu for the price of $17 and now he is a millionaire. Many of us passed up that opportunity because it seemed risky to invest in this new meme project. I have some rules that I use when the plan is about to invest in cryptocurrency. 


Rule number 1. Invest what you can lose. 


Rule number 2. Invest in long-term business. 


There is something that you need to mind yourself that if thousands of people see opportunity in some investment don't miss out. So, this is not about when the coin can reach $1 or when the coin can reach $0.01, is all about the opportunity to invest in something that can bring good results in long-term business. 


When it was launched, the Shiba Inu announced in the white paper or woof paper that it will create its own exchange platform named " Shibaswapp". right now the Shiba swap is a reality. One of the big things that the developers said is that the coin will be available in many important markets, and the coin is right now available in coinbase pro, etoro, Binance, and other exchanges platforms. 


shiba inu NFT

By the end of this year, the development team will have its own NFT. Not only that, but you can use your favorite Shiba Inu coin to buy products on Amazon, Alibaba, eBay, and Walmart. As these marketplaces do not directly accept crypto as payment, shopping.io acts as the intermediary, for people looking to make cryptocurrency purchases. 


The fact that Shiba Inu is now approved, means that the coin also has another practical use specific instance, which is enough to increase its value in the coming years. Due to Shiba Inu's low price value at the moment, any substantial price increases would mean a large benefit for investors. 


There are a lot of predictions about the Shiba Inu price, but in the next 5 years, we expect to see something interesting coming from the Shiba Inu. We believe that the coin during 2021 and 2026,will burn more than 50% of the existing supply and consequently will reach $0.01. 


The Shiba Inu supply is the main key for the price of Shiba Inu coin, we need to burn lots of tokens until we reach big numbers. there is no way to reach $1 with the existing supply. 

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