In a bold and attention-grabbing move, David Gokhshtein, founder of Gokhshtein Media and former US Congressional candidate, has expressed strong scepticism about the likelihood of Shiba Inu (SHIB) ever reaching the 1 cent ($0.01) price mark. Gokhshtein has even gone so far as to promise to delete his account if SHIB achieves this milestone.
$SHIB is not going to $0.01 or I’ll fucking delete this account.
— David Gokhshtein (@davidgokhshtein) August 18, 2023
$SHIB is not going to $0.01, or I’ll f**king delete this account Says David Gokhshtein
Gokhshtein’s proclamation came via a tweet, where he confidently stated, “$SHIB is not going to $0.01, or I’ll f**king delete this account.” This bold statement is a testament to his conviction that SHIB’s price will not reach such heights. In a follow-up tweet, he expanded on his viewpoint by suggesting that the best price SHIB could potentially attain is $0.001. He pointed out two crucial factors that he believes could hinder SHIB’s rise to $0.01: the circulating supply of the asset and its contract structure.
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And remember — current supply and contract.
Because that would mean it would be worth more than the United States of America.
— David Gokhshtein (@davidgokhshtein) August 18, 2023
The outspoken crypto influencer also highlighted the magnitude of such a price increase. He indicated that if SHIB were to reach $0.01, its valuation could potentially surpass that of the entire United States, underscoring the astronomical nature of such a scenario.
It’s worth noting that Gokhshtein has previously shown a more optimistic stance towards SHIB. In an August 2022 tweet, he playfully urged the cryptocurrency to reach 1 cent, even promising to sell his SHIB holdings if it achieved this feat. However, as SHIB’s value experienced significant fluctuations in recent times, Gokhshtein’s outlook has shifted.
I need $SHIB to do me a favor and go to $0.01.
Thanks.
— David Gokhshtein (@davidgokhshtein) August 16, 2022
Despite his doubts about SHIB’s $0.01 potential, Gokhshtein remains an ardent supporter of the Shiba Inu project. His enthusiasm for the token led him to declare himself the unofficial leader of the Shiba Inu community last year.
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Meanwhile, there are still holders who maintain the belief that SHIB can eventually reach the coveted one-penny mark. Currently trading at $0.00000850 (up 1.3% at press time), SHIB would need to undergo an astonishing rally of 117,647% from its current price to achieve $0.01. Given its circulating supply of 589.33 trillion, if SHIB were to indeed hit $0.01, its market capitalization would balloon to an incredible $5.9 trillion.
David Gokhshtein’s outspoken scepticism and his bet against SHIB reaching $0.01 add an intriguing layer to the ongoing discussions surrounding the future of the meme-based cryptocurrency. As the crypto space continues to evolve, Gokhshtein’s prediction will undoubtedly be watched closely by both SHIB enthusiasts and sceptics alike.