Some people believe that $SHIB coin cannot reach a $1.00 valuation, but let me assure you that this perception is wrong!
A recent post explained that for SHIB coin to reach a price of $1.00, its market cap would need to reach $558 trillion, which is about 500 times the market cap of Bitcoin. By comparison, as of 2021, the total wealth on Earth is $431 trillion.
However, a market cap of $558 trillion does not require $558 trillion in purchasing power. A recent study by Bank of America found that $100 million can make a 1% fluctuation in Bitcoin's trillion-dollar market cap, so it would only take $10 billion (1% of Bitcoin's current market cap) to double Bitcoin's market cap.
SHIB coin would only need 15 such doublings to reach a market cap of over $500 trillion, which would require about $10 trillion in liquidity. So, we only need $10 trillion - a perfectly reasonable amount of funds!
So the question is, how do we get $10 trillion?
No problem, let me introduce my friend, 1998-KU2. 1998-KU2 is a 4.7 km wide asteroid composed mainly of nickel, iron and cobalt. The mineral composition of 1998-KU2 is estimated at $80 trillion!
However, going up there and mining these rare minerals is not cheap - we need rockets, mining equipment, return vehicles and some very advanced technology. The estimated cost of all this is $70 trillion, which would give us a net profit of $10 trillion!
So, we just need to go to the local bank, borrow $70 trillion, build our rocket, go to 1998-KU2, mine the minerals, return to Earth, sell the minerals for $80 trillion, repay the loan, then place an order to buy SHIB coins with $10 trillion, and then sit back and watch SHIB coins rise to $1.00!
Who would have thought that in order to go to the moon, we first needed to go to the asteroid belt? #shib