US Politician Bought 1 Trillion Shiba InuTokens A couple of months ago, a certain U.S. politician promised to invest a huge amount into Shiba Inu if it hits $0.01. His plan was to use proceeds from the investment to shelter homeless vets and take care of them.
At the time, some scoffed and said he didn’t mean it. However, the politician is back and Shiba Inu hasn’t even hit $0.01 yet. From his tone, this politician is serious about Shiba Inu and is willing to push the token to $0.01 before the end of the year.
Shiba Inu is getting more and more exposure. And now, it appears that a prominent U.S.politician has gotten interested in the token. Might this be Shiba Inu’s open door to the white house and consequently worldwide adoption? Well, time will have to tell.
For now, I can tell you that this politician has had his eye on Shiba Inu for a very long time now. What makes this even more significant is the fact that the politician does not just have political influence.
He also has the required technical know-how to make Shiba Inu’s worldwide success possible at an exponentially larger scale than ShibaInu currently enjoys. But before we get to that, let’s check out other equally important updates.
The streets of Twitter
Watcher Guru tweeted a list of undervalued cryptocurrencies, and what do you know? Shiba Inu made the list! Along with ETH, BNB, VET, XRP, ADA, and DOGE. Alright, so if you don’t understand what it means for a crypto to be undervalued, you probably don’t see why this is exciting news.
Well, undervalued cryptocurrencies are cryptos that are not as highly valued as they should probably be. This is often because the market is yet to realize its true potential and the proper value. In essence, for what these cryptocurrencies plan to do in the world of cryptocurrencies, they are currently selling for super cheap.
There are many reasons cryptocurrencies are undervalued. In most cases, it’s because the market is yet to see how much of impact crypto can have in transforming an industry. On the other hand, it might be because people do not fully understand the coin yet.
And in other cases, it might be because the token or coin in question is not properly marketed. In truth, the market is yet to see Shiba Inu’s truest and fullest potential. Market observers like Watcher Guru, though, are obviously seeing a pattern that the crypto community would be smart to pay attention to.
And it’s not just Watcher Guru, certain investment veterans have also called the attention of the world to Shiba Inu’s potential as well. Those who got in at the beginning of the year definitely were the smartest ones.
But regardless of when you bought into the project, as long as you’re a SHIB holder, you have made a wise investment decision. If SHIB is still undervalued and is pumping so much, imagine what will happen when the crypto market begins to realize Shiba Inu’spotential. Plus, when that begins to happen, those who got in early, people like you, would be the biggest winners in all of this.
Bitcoin ATMs
This is great news for the SHIB army. Anyway, mainstream adoption is on the horizon for the crypto market as a whole as Walmart quietly reels out its Bitcoin ATMs. The ATMs are a result of a collaboration between Coinstar and Coinme.
And as Molly Blake, Walmart's communications director reveals, there are currently 200 Coinstar kiosks in Walmart stores spread across the United States. These ATMs will allow users to exchange their cash or gift cards for Bitcoin.
Developments like these are good news for the crypto market because the trend is rapidly gaining momentum even as Coinstar plans to double its fleet of ATMs to 7000 before the end of 2021. The company attributes the need for this to the surge in the usage of these machines, which proves the growing adoption of cryptocurrencies around the world.
With the launching of these ATMs, low-income earners now have cryptocurrencies closer to them. This will foster the use of crypto-enabled financial services at all levels for everyone which means crypto transactions will grow to become as common as fiat transactions over time.
And as crypto transactions gain more widespread adoption, Shiba Inu will get more opportunities to truly grow and realize its potential as a token that can change the world. Because let’s face it, if crypto doesn’t become mainstream, SHIB’s chances become quite limited.
However, with innovations like these, Shiba Inu really has a chance. Although the ATMs are Bitcoin-enabled only, with time other cryptocurrencies are going to be available. Already, CoinCloud has Shiba Inu available on its ATMs in some parts of the United States and Brazil. So, it’s only a matter of time before you only need to walk a couple of blocks to buy some SHIB.
David Gokhshteinis still showing massive support for Shiba Inu
Is the Twitter influencer working his way to becoming the SHIB father? Well, I guess we’ll all see. A pretty striking thing about Gokhshtein’s recent support is that the PAC Protocol CEO had previously insinuated that Shiba Inu had no real value and so wasn’t worth the investment.
However, Shiba Inu is surpassing everyone’s expectations, including Gokhshtein’s. And many SHIB bears are converting into SHIB bulls. With Shiba Inu still on the rampage in the crypto market, we should probably expect more conversions.
CBDCs were making headlines
Well, there are fresh updates. By the way, CBDC stands for Central Bank Digital Currency. In essence, they are digital currencies backed by the central bank of a country. Currently, many countries are researching and testing this concept to see how it could work in their countries.
And experts have said that CBDCs are inevitable. Naturally, this is causing many crypto enthusiasts to worry. Will CBDCs replace crypto? Well, analysts have weighed all the factors and their answer to that is no.
The key is to understand the difference between CBDCs and cryptocurrencies. Now both use blockchain technology. However, CBDCs are pretty much just digital versions of fiat currencies and they are issued by a country’s central bank.
On the other hand, cryptocurrencies are a decentralized method of payment, which means that they operate without the need for the traditional banking system. So, there’s no need to worry. Both concepts can and will co-exist.
Even the talks about a global cryptocurrency aren’t likely to happen to see as it defeats the entire purpose of cryptocurrencies. Besides, cryptos are already global by nature since you can send them to anyone at any time in any location without having to do any currency conversion.
The news about the U.S. politician
Shannon Bray, a candidate for the U.S senate in North Carolina who, by the way, has been a huge fan of Shiba Inu now tweeted something interesting yesterday. He said I changed my Twitter background. It’s time to kick SHIB back into the ’30s. Come on #SHIBArmy… Make some noise.
Let’s close Friday over 20%. Once we break the 30s again, we should have little resistance for a new all-time high. I can hear you ask, “Who is Shannon Bray?” Shannon Bray is a candidate for the U.S. Senate from the Libertarian Party.
He currently works for the Department of Defense but has strong interests in technology. His first degree was in Information Technology, and then he had his Masters in cyber security and is currently pursuing a doctorate degree in computer science.
Shannon has worked in various roles in the field of information technology which makes him very experienced in the field. And he hopes to use this experience to benefit other lawmakers when elected by helping them understand cyberspace better so they can make better laws around it.
Shannon’s background in information technology, combined with his political influence is a serious advantage for Shiba Inu. Sometime in September, he invested about $700 buying about 100 million SHIB, which, understandably, wasn’t much.
However, in his tweet, he had explained that once Shiba Inu hit one cent, he would donate the entire wallet to shelter homeless veterans. But after that tweet, not much was heard from him anymore until now.
And now, the big shot politician seems to be ready to get his hands dirty and really support Shiba Inu all the way. Now, if he continues this support until he is elected and afterward, this gives Shiba Inu a massive advantage.
Shannon’s interest in Shiba Inu has been altruistic from the start. And hopefully, this can kickstart a trend where Shiba Inu becomes the token for social good. If more politicians begin to join the train and begin to invest in Shiba Inu for a social cause, this gives Shiba Inu more use cases and helps Shiba Inu grow.
Plus, with people like Shannon Bray in the government, we can be sure of favorable laws concerning the crypto market which will ensure that Shiba Inu has the foundation it needs to truly succeed.
Disclaimer: This article does not encourage you to buy any of the cryptocurrencies / or invest at all. This is just the opinion of an amateur, not a financial advisor. Before investing in cryptocurrency, I recommend talking to your financial advisor and doing your own research.
