The Best Cryptocurrency Investment (Ever)
How an investor turned $8k into $5.6 Billion in about 1 year.
What some are calling the greatest trade of all time, this is likely the most profitable single cryptocurrency investment the market has ever seen.
This is the story of how one investor turned $8,000 into over 5.6 billion in just over 1 year.
This is calculated as a return on investment (ROI) of about 38,461,400%.
This story began in August 2020…
In mid-2020, an entrepreneurial cryptocurrency developer by the name of Ryoshi decided to leverage the success of DogeCoin (which itself was a satirical cryptocurrency) and used Dogecoin’s symbol as the name of the cryptocurrency — a Japanese breed of dog known as Shiba Inu.
The creator also dubbed itself the “Dogecoin Killer”.
A few days after the cryptocurrency was launched, an investor (assumed to be the developer) purchased $8,000 worth of Shiba and then for the next almost 9 months, held onto the token without making any transactions within the wallet.
During the bull market of 2021 at its peak, this $8,000 investment was valued at over $5.6 billion dollars.
Even today, Shiba Inu is ranked near the top 10 largest cryptocurrencies by market capitalization.
While this is likely the greatest single cryptocurrency investment of all time, for investors there are some lessons we can learn from this trade.
What can we learn from this infamous trade?
While this may be a once-in-a-lifetime investment and has certainly created life-changing wealth, there are some lessons we can learn from this single trade.