Bitcoin Analyst Dismisses Shiba Inu’s $1 Price Target as Unrealistic

Prominent Bitcoin analyst DaVinci Jeremie has stated that Shiba Inu (SHIB) is highly unlikely, if not impossible, to hit the $1 mark. Citing SHIB’s enormous circulating supply of approximately 589.5 trillion tokens, Jeremie explained that achieving a $1 price would require an astronomical market capitalization of about $600 trillion—far exceeding the market caps of major assets like Bitcoin (BTC) and even gold. He also noted that unlike Bitcoin, which has a capped supply contributing to its valuation, SHIB’s vast supply makes substantial price increases very difficult without drastic measures such as accelerated token burns. Although over 410.7 trillion SHIB tokens have been burnt since its inception, the supply remains overwhelmingly large. The analysis has stirred the crypto community, with many echoing the view that reaching a $1 barrier is a pipe dream, while others suggest that significant supply reduction strategies might eventually alter SHIB’s long-term prospects.