The cryptocurrency market is highly speculative and interconnected, which means that the appreciation of Bitcoin (BTC) can impact several altcoins, including Shiba Inu (SHIB).

But how much could a $1 million or $10 million BTC drive the price of SHIB? Let’s explore that possibility.

1. The Impact on Global Market Cap

If Bitcoin were to reach these levels, it would further dominate the crypto market:

  • BTC at $1 million: Market cap of approximately $21 trillion.

  • BTC at $10 million: Market cap of$210 trillion.

For comparison, the current global GDP is approximately $100 trillion. This means that one BTC at $10 million would make the cryptocurrency market larger than the economy of all countries combined.

2. What Does This Mean for SHIB?

Shiba Inu is one of the most popular cryptocurrencies, but its price is still far from reaching $1. Today, its market cap is $7.6 billion, with a price of $0.00001288. If BTC were to appreciate massively, it would likely boost the entire market, including SHIB.

Let's estimate the impact based on BTC appreciation:

2.1 If BTC = $1 Million

  • BTC would appreciate 77x from the current price (~$65,000).

  • If SHIB were to follow this growth, its market cap would rise from $7.6 billion to $585 billion.

  • If the current supply is maintained, the price of SHIB could reach $0.00099 (~1 cent).


2.2 If BTC = $10 Million

  • BTC would appreciate 770x.

  • If SHIB were to follow this trend, its market cap could surpass $5.8 trillion.

  • This would bring the price of SHIB to around $0.01 (1 cent).

3. Can SHIB Reach $1?

Despite the positive impact of BTC’s appreciation, for SHIB to reach $1, it would need a market cap of $584 trillion, an unrealistic value. Even if Bitcoin reached $10 million, SHIB would still need to:

  • Drastically reduce its circulating supply through massive burns.

  • Have a much higher adoptionin real use cases like payments and DeFi.

Currently, the SHIB burn rate is too slow for this reduction to happen quickly. Burning just 29.3 million tokens per day would take over 38 million years to reduce the supply enough for a price of $1.

4. Conclusion

If BTC hits $1 million or $10 million, SHIB could rally significantly, reaching values ​​like $0.00099 or even $0.01. However, without a drastic reduction in circulating supply, it is extremely unlikely that SHIB will reach $1.

For those investing in SHIB, the main driver of appreciation will be the combination of an increase in BTC, ecosystem growth, and accelerated token burns.




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