Yes, SHIB can go to a dollar

It has come to my attention that some people think SHIB coins cannot reach a USD valuation of $1.00, but let me assure you that this is simply not true!

A recent post explained that, for SHIB to reach $1.00, it would require a market cap of 558 trillion USD, about 500x the market cap of BTC. By comparison, as of 2021 the total wealth on earth is 431 trillion USD.

However, a 558 trillion USD market cap does not require 558 trillion USD worth of purchases. A recent study by Bank of America found that 100 million USD could move BTC's trillion-dollar market cap by 1% - therefore, only 10 billion USD (1% of BTC's current market cap) would be needed to double BTC's market cap.

SHIB would only require 15 such doublings to reach a market cap over 500 trillion USD, requiring approximately 10 trillion USD in liquidity to do so. So, all we need is 10 trillion dollars - a perfectly reasonable amount of cash!

So the question is, how do we get 10 trillion dollars?

No problem, let me introduce you to my friend, 1998-KU2. 1998-KU2 is a 4.7km-wide asteroid mainly comprised of nickel, iron, and cobalt. 1998-KU2's component minerals have an estimated value of 80 trillion USD!

Here he is, circled in red.

However, getting up there and mining those rare minerals won't be cheap - we'll need a rocket, mining equipment, a return vehicle, and some other seriously advanced technology. The estimated cost of all this is 70 trillion USD, leaving us with a healthy 10 trillion USD profit in cold, hard cash!

So all we need to do is go down to our local bank, get a small loan of 70 trillion dollars, build our rocket, swing by 1998-KU2, mine some minerals, return to Earth, sell the minerals for 80 trillion USD, repay our loan, place a SHIB buy order for 10 trillion USD, and sit back and watch SHIB go to $1.00!

Who'd have thought that, to go to the moon, you'd need to go to the asteroid belt first?