What could happen to Shiba Inu if Bitcoin hits $2.4M? IntoTheBlock demonstrates that Shiba Inu follows Bitcoin by an 82% correlation at this time. The close level of price correlation between SHIB and Bitcoin indicates that SHIB could trim off another zero from its value if Bitcoin reaches its ambitious target price of $2.4M according to Ark Invest. The future of Shiba Inu depends highly on Bitcoin’s performance since many experts speculate what would happen to the popular meme coin if Bitcoin achieves its ambitious $2.4M price point.
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What Happens to SHIB If Bitcoin Hits $2.4M? Price, Market, Risk
Ark Invest’s Bold Bitcoin Prediction
Ark Invest recently surprised the entire crypto community with an updated Bitcoin price prediction for 2030. The multi-billion-dollar asset manager basically forecasts that Bitcoin might reach about $500,000 in a bear scenario, around $1.2 million as a base case, or even an impressive $2.4 million in a bull scenario. At the time of writing, these targets represent potential increases of 428%, 1,167%, and 2,434% from Bitcoin’s current price of $94,687.
Several factors were actually identified that could drive Bitcoin to these heights, such as increased institutional investment in spot BTC ETFs, and also Bitcoin’s growing role as an inflation hedge. Nation-state adoption and corporate treasury integration were mentioned as potential catalysts too.
SHIB’s Potential Price Trajectory
If Shiba Inu maintains its correlation with Bitcoin, the SHIB price would likely surge proportionally. Currently trading at around $0.00001475, an examination of what happens to Shiba Inu if Bitcoin hits $2.4M shows it could experience a rather dramatic 2,434% increase, which would push SHIB’s price to approximately $0.0003737.
At this price point, the Shiba Inu market cap would expand to around $220.2 billion, assuming the circulating supply stays more or less constant. This represents a massive jump from its current $8.69 billion valuation, and such growth would definitely attract additional attention.
What This Means for SHIB Holders
The implications for SHIB investors would be pretty substantial if these predictions actually materialize. An investor holding about 100 million SHIB tokens, currently worth around $1,475, would see their holdings increase to roughly $37,370 at the projected price.
SHIB has historically outperformed Bitcoin during market rallies. While Bitcoin recently grew just 1.89% in 24 hours, SHIB surged by an impressive 5.78%, demonstrating its potential for amplified returns during bullish market conditions.
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Timeline Projections for SHIB’s Growth
Based on Ark’s timeline, Bitcoin could reach $2.4 million by 2030 in a bull scenario. And if we look at what might happen to Shiba Inu if Bitcoin hits $2.4M within this timeframe, SHIB could reach $0.0003737 during the same period.
Other market analysts have somewhat different projections. Changelly‘s analysis suggests Shiba Inu would reach $0.00037 by January 2033, which is about three years later than Ark’s timeline. Meanwhile, Telegaon anticipates SHIB hitting this mark by 2029, slightly earlier than expected.
Risk Considerations for SHIB Investors
The crypto bull run outlook remains positive but also somewhat uncertain. While the correlation between SHIB and Bitcoin suggests aligned growth, this relationship could definitely change over time. The Shiba Inu market cap is particularly susceptible to sudden shifts in investor sentiment and also regulatory developments that might emerge unexpectedly.
The ongoing Shiba Inu price prediction toward $0.001 remains a long-term goal for many enthusiastic investors, but would require sustained growth beyond even the ambitious scenarios outlined above. The path to such valuations would likely involve not just correlation with Bitcoin but also fundamental ecosystem developments.
The Bigger Picture
Shiba Inu’s inception represents a period in which the crypto market experienced substantial progress. Some regions have established both institutional oversight and regulatory standards even though innovative developments persist at a quick pace. Shiba Inu’s success after Bitcoin reaches $2.4M will rely on two main factors: Bitcoin market developments and advancements in Shiba Inu’s technical system.
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SHIB exists predominantly through Bitcoin market movements because Bitcoin remains its primary market indicator. The validity of Shiba Inu reaching $0.0003737 by 2030 will depend on future crypto bull run evolution while its potential success cannot be ruled out.
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