World-famous whistleblower Edward Snowden has urged investors to be cautious before investing in SHIB. Though Edward Snowden started supporting Bitcoin, he continuously takes a harsher stand against cryptocurrencies.
Shiba Inu was the topic of the crypto community for the whole month of October, leading to over 1000 % gain. The yearly profits of the meme coin are a stunning 100,000,000%, yet this does not appear to impress Edward Snowden.
Whistleblower Edward Snowden Tweets Against SHIB Investors
Edward Snowden while warning the investors against Shiba Inu tweeted that, “I say this with love: if you got talked into exchanging your hard-earned savings for some new dog money because a meme said you’d get rich, please carefully consider your odds of outsmarting a market that sold you its stake in not even dog money but a CLONE of dog money.”
Snowden criticized Shiba Inu, claiming that it may result in large losses for investors. Snowden called Shiba Inu a “garbage” coin. He argued that it was fine for individuals to buy whatever “garbage” they chose, but they should be careful not to be tricked into mortgaging their farm in the process. Several other experts on the subject have issued a similar warning, claiming that Shiba Inu’s popularity is a bubble ready to burst.
Current position of Dogecoin Killer
Despite Snowden criticizing, Shiba Inu is expected to be the top gainer in 2021. While many say it lacks fundamentals and value, it has gotten enormous support from the cryptocurrency community, and as a result, it has surpassed Dogecoin in market valuation to become the largest meme coin.
This time, his stand against Shiba Inu is being considered after his tweet warning SHIB investors.
