Former NSA employee Edward Snowden warned investors about the dangers of investing in Shiba Inu cryptocurrency and other “dog coins”.
Over the past weeks, the Shiba Inu (SHIB) rate has grown significantly, and the coin’s capitalization has reached an impressive $ 50 billion mark. This has attracted the attention of investors to the cryptocurrency – many are buying SHIB in an attempt to “jump on the outgoing train” and make a profit.
Edward Snowden tweeted warnedthat this is an extremely dangerous investment:
“If you are told to exchange your own money for some doggy coin that is based on a meme, and they tell you that you will get rich, please be extremely careful about your chances of being smarter than the market. After all, you are being sold a share not even in “dog money”, but in a clone of this money. ”
Of course, such a statement drew criticism from cryptocurrency enthusiasts and SHIB fans. Snowden took the criticism with humor and wrotethat if someone is angry with him because of this tweet, then “he should lower his position in Shiba Inu.”
At the time of publication, the price of SHIB is $ 0.00007175, and the capitalization is $ 39.4 billion. Recently it became known that the American cinema chain AMC Entertainment may add payments to Shiba Inu.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
