Elon Musk Declares Love for Shiba Inu, But There is a Catch

INTRODUCTION
Famous American businessman Elon Musk has taken to the X (formerly Twitter) platform to profess his love for Shiba Inu puppies.

The tech billionaire made this known in a recent tweet as he attached a photo showing different juvenile dogs, including his favorite Shiba Inu dog. As expected, the development stirred reactions from dog-themed cryptocurrency enthusiasts, including Shiba Inu, Floki Inu, and Dogecoin supporters.

Musk’s Love for Shiba Inu

It is common knowledge that Musk loves the Shiba Inu dog breed. He has made this known several times, including in May 2021, when he said he wanted a Shiba puppy. In March 2021, Musk also said he was “getting a Shiba Inu.”

I’m getting a Shiba Inu #resistanceisfutile

— Elon Musk (@elonmusk) March 14, 2021

While the announcement stirred jubilation within the Shiba Inu community, it turned out that the billionaire was getting a Shiba Inu dog and not the cryptocurrency. While the announcement stirred jubilation within the Shiba Inu community, it turned out that the billionaire was getting a Shiba Inu dog and not the cryptocurrency.

This prompted a Shiba Inu community member to ask how many SHIB tokens he owns. In response, Musk said he has “none.” He further explained that he is only invested in Bitcoin, Ethereum, and Dogecoin.

Despite showing his affection for the Shiba Inu dog, the billionaire investor has stayed away from investing in the Shiba Inu cryptocurrency.

The American businessman has yet to reveal why he has chosen not to adopt the SHIB cryptocurrency despite having lots of affection for the Shiba Inu dog.

However, Shiba Inu community members are not relenting to lure American businessmen into adopting the SHIB token. Whether Musk would later invest in SHIB remains to be seen.

Teleagon Gives Favorable Prediction for SHIB

Although SHIB has not met investors’ expectations, there is still a lot of hype surrounding Shiba Inu. Shiba Inu enthusiasts believe the token will hit unprecedented milestones in the future. Interestingly, Telegaon forecasted that SHIB would surge to 2.5 cents ($0.025) by 2035 to 2040.

For SHIB to hit the $0.025 projected price, the token will need to rally 268,428% from the current price of $0.00000931.


CONCLUSION
Shiba Inu (SHIB) is exhibiting a bullish stance on the market today, riding on the resurgence of the price of Bitcoin (BTC). At the time of writing, data from CoinMarketCap pegs Shiba Inu’s price at $0.000009587 after amassing a 2% valuation jump in the past 24 hours. The renewed price surge has effectively pushed the token’s weekly gains to 7.56%.