What Do We Know About Jeff Bezos Partnership with Shiba Inu
Speculations have stated that Jeff Bezos, one of the wealthiest men in the world, backs Shiba Inu. Various content on YouTube and blogs even declare him as the owner of the “Dogecoin Killer.” Is it true that the Amazon tech giant has followed suit with Elon Musk to support cryptocurrency? You’re about to find out.
The name Jeff Bezos is almost a household name that bears massive influence. He is the second-wealthiest man in the world, an entrepreneur, philanthropist, and the executive chairman of Amazon- one of the most valuable brands in the world. Merely declaring him a partner of Shiba Inu will drive traffic and cause an increase in the coin’s price.
This is why the fans of the Shiba Inu coin want the billionaire’s support. With Dogecoin gaining more acceptance with Elon Musk’s input, Shiba Inu seeks to use a similar approach to influence the meme coin.
Is Shiba Inu Backed By Jeff Bezos?
No, the Shiba Inu coin is not backed by Jeff Bezos. However, the community has made various efforts to get the billionaire on their side but to no avail.
In 2021, SHIB fans took to the internet with petitions that Jeff Bezos should support the token. Erik Peterson started a petition welcoming Jeff Bezos into the SHIB community. This petition was signed by 13,274 fans, almost reaching 15,000, the target.
The creator tagged Jack Dorsey, Mark Zuckerberg, Reddit, Google, and other companies to the petition. However, Erik posted his SHIB wallet address which raised suspicion about his true intentions for starting the petition. None of these efforts has received a response from the billionaire.
This coin’s holders believe it will reach one cent with the Amazon giant’s input. The question, “is the Shiba Inu coin backed by Jeff Bezos” has been answered with fake news and rumors. These influencers projected the billionaire as a member of the Shiba Inu community to draw millions to the space.
On Shiba Inu Coin news, Jeff Bezos remains a personality with pretty misleading speculations. Across various platforms, they exploited his popularity and influence to gain the trust of new investors on the SHIB token. Jeff Bezos on Shiba Inu coin will help the community compete on the same level with Dogecoin, which has the solid backing of Tesla Founder Elon Musk.
Does Jeff Bezos Own Shiba Inu Coin?
Jeff Bezos remains silent about crypto tokens, and his stance is not entirely known. Thus, declaring Jeff Bezos Shiba Inu Coin owner is misleading and unreasonable.
An anonymous personality named Ryoshi created Shiba Inu in 2020. This token is built on the Ethereum blockchain to ensure security, decentralization, and acceptability. It features the Japanese dog breed Shiba Inu as its mascot. The coin has made many multi-millionaires within a short time.
The creator made the coin influenced mainly by the community. The token is a highly volatile and risky investment because its value is determined by the input of famous personalities and social media hype.
However, there is news that Amazon wants to enter the crypto space, so Jeff Bezos could probably be keen on cryptocurrency. Despite these speculations, no accurate reports detail the business mogul’s support of the Shiba Inu coin or any other cryptocurrency.
What’s The Future For Shiba Inu?
SHIB token is currently $0.0000106, although it reached an all-time high on October 28, 2021, at $0.00008616.
Ryoshi, the anonymous founder of Shiba Inu, disappeared from social media after deleting all his tweets in May 2022 and almost all his blog posts.
However, Shiba Inu still has devoted followers of over 3 million on Twitter and about 500,000 members on subReddit. With its exchange platform ShibaSwap, its move into the Metaverse, and the launch of its own DAO, it has remained afloat, although the price is still low. Also, without the support of Jeff Bezos, it will take a while for the token to reach 1 cent.
Is Shiba Inu A Good Investment?
Investing in Shiba Inu could be profitable, but you must do your due diligence. It is wise for you to only invest what you plan to lose and spread your investment portfolio. Also, you have to recognize that meme coins come with high risks.
Shiba Inu is built as a layer-2 solution on Ethereum which means it lacks its own native blockchain that allows users to build decentralized applications and other DeFi projects.
Recently, Shiba Inu progressed as a payment method, with about 40,000 merchants accepting it for payments, including AMC. However, it still fails to differentiate itself from other cryptocurrencies because it has no utility value.